# L&G Emerging Markets Government Bond (USD) 0-5 Year Screened UCITS ETF Shs USD (EMDG)

**Page:** https://fundology.uk/fund/emdg · ISIN IE00BLRPQP15

## 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, EMDG (L&G Emerging Markets Government Bond (USD) 0-5 Year Screened UCITS ETF Shs USD, ISIN IE00BLRPQP15) closed at £6.86 on the London Stock Exchange. Its ongoing charge is 0.25% a year (about £25 on £10,000). Over the five years to 13/11/2026 its total return was +5.3%, or −17.8% after UK CPIH inflation.

## Summary

Legal & General UCITS ETF ICAV - L&G Emerging Markets Government Bond (USD) 0-5 Year Screened UCITS ETF Shs USD is an exchange-traded fund (ETF) from L&G, launched in 2020. It tracks the J.P. Morgan ESG EMBI Global Diversified Short-Term Custom Maturity Index - Benchmark TR Net. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.25% a year — about £25 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is paid out to holders as cash, usually a few times a year.

Latest close: **£6.86** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | EMDG |
| ISIN | IE00BLRPQP15 |
| Also listed as | EMD5 (London Stock Exchange, US dollars), EMA5 (Xetra, euros) |
| Category | Government bonds |
| Type | ETF |
| Provider | L&G |
| Tracks | J.P. Morgan ESG EMBI Global Diversified Short-Term Custom Maturity Index - Benchmark TR Net |
| Income | Distributing |
| Ongoing charge | 0.25% a year (£25 per £10,000) |
| Fund size | £223m |
| Launched | 2020 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 03/12/2020 |

## 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 | +1.61% | -1.99% | income reinvested |
| 3 years | +16.58% | +5.33% | income reinvested |
| 5 years | +5.32% | -17.79% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of Legal & General UCITS ETF ICAV - L&G Emerging Markets Government Bond (USD) 0-5 Year Screened UCITS ETF Shs USD in pounds (price only, income paid out not included): 2022 −2.6%, 2023 −2.7%, 2024 +4.7%, 2025 −4.7%; 2026 to 13/11/2026 −1.6%. Returns of Legal & General UCITS ETF ICAV - L&G Emerging Markets Government Bond (USD) 0-5 Year Screened UCITS ETF Shs USD in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −0.6%; to 30/09/2025: +1.9%; to 30/09/2024: −3.9%; to 30/09/2023: −7.3%; to 30/09/2022: +1.4%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -2.6% | -10.9% | Price |
| 2023 | -2.7% | -6.6% | Price |
| 2024 | +4.7% | +1.2% | Price |
| 2025 | -4.7% | -8.0% | Price |
| 2026 to 13/11/2026 | -1.6% | -4.8% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 5.95% | -5.75% |
| 3 years | 7.18% | -9.95% |
| 5 years | 7.82% | -13.87% |

## Largest fall

Volatility of Legal & General UCITS ETF ICAV - L&G Emerging Markets Government Bond (USD) 0-5 Year Screened UCITS ETF Shs USD in pounds, annualised from weekly returns to 13/11/2026: 5.9% over 1 year, 7.2% over 3 years, 7.8% over 5 years. Largest fall in the price of Legal & General UCITS ETF ICAV - L&G Emerging Markets Government Bond (USD) 0-5 Year Screened UCITS ETF Shs USD since November 2021, in pounds: −13.9% from 23/09/2022 to 21/07/2023. The lowest 12-month return of Legal & General UCITS ETF ICAV - L&G Emerging Markets Government Bond (USD) 0-5 Year Screened UCITS ETF Shs USD in pounds (price only, income paid out not included) since January 2021 was −9.8% (12 months to 22/09/2023); the highest was +7.3% (12 months to 17/01/2025). On 13/11/2026 the price of Legal & General UCITS ETF ICAV - L&G Emerging Markets Government Bond (USD) 0-5 Year Screened UCITS ETF Shs USD was 11.2% below its highest weekly close since November 2021 (23/09/2022), in pounds.

## Charges compared with similar funds

Ongoing charge of Legal & General UCITS ETF ICAV - L&G Emerging Markets Government Bond (USD) 0-5 Year Screened UCITS ETF Shs USD 0.25% a year. Compared on 14/11/2026, 30 of the 311 other government bond funds charge more, 16 the same and 265 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.25%** 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.

## Questions people ask

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

The ongoing charge of EMDG is 0.25% a year — about £25 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 Legal & General UCITS ETF ICAV - L&G Emerging Markets Government Bond (USD) 0-5 Year Screened UCITS ETF Shs USD 0.25% a year. Compared on 14/11/2026, 30 of the 311 other government bond funds charge more, 16 the same and 265 less (share classes counted once).

**What does EMDG track?**

EMDG tracks the J.P. Morgan ESG EMBI Global Diversified Short-Term Custom Maturity Index - Benchmark TR Net.

**Is EMDG accumulating or distributing?**

EMDG is distributing: income is paid out to holders as cash, usually a few times a year. It pays out semi-annual.

**What is the ISIN of EMDG?**

The ISIN of EMDG is IE00BLRPQP15. An ISIN identifies one exact share class of a fund; EMDG is its ticker on the London Stock Exchange. The same share class is also listed as EMD5 (London Stock Exchange, US dollars) and EMA5 (Xetra, euros).

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

Calendar-year returns of EMDG in pounds (price only, income paid out not included): 2022 −2.6%, 2023 −2.7%, 2024 +4.7%, 2025 −4.7%; 2026 to 13/11/2026 −1.6%. Past performance is not a guide to future returns.

**How has EMDG done after inflation?**

Over the five years to 13/11/2026 EMDG’s total return was +5.3%, or −17.8% after UK CPIH inflation. Past performance is not a guide to future returns.

## Fund documents

- [Fund page at L&G](https://fundcentres.landg.com/en/uk/private-investors/fund-centre/ETF/Emerging-Markets-Government-Bond-USD-0-5-Year-Screened/IE00BLRPQP15/)
- 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.