# L&G Emerging Markets Corporate Bond (USD) Screened UCITS ETF Hedged GBP (EMDH) **Page:** https://fundology.uk/fund/emdh · ISIN IE000YPT5PG3 ## 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, EMDH (L&G Emerging Markets Corporate Bond (USD) Screened UCITS ETF Hedged GBP, ISIN IE000YPT5PG3) closed at £8.32 on the London Stock Exchange. Its ongoing charge is 0.38% a year (about £38 on £10,000). Over the three years to 13/11/2026 its total return was +19.2%, or +7.7% after UK CPIH inflation. ## Summary Legal & General UCITS ETF ICAV - L&G Emerging Markets Corporate Bond (USD) Screened UCITS ETF Hedged GBP is an exchange-traded fund (ETF) from L&G, launched in 2021. It tracks the J.P. Morgan ESG CEMBI Broad Diversified 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 0.38% a year — about £38 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. It is currency-hedged: it aims to remove most of the effect of exchange-rate moves against the pound. Latest close: **£8.32** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | EMDH | | ISIN | IE000YPT5PG3 | | Category | Corporate & other bonds | | Type | ETF | | Provider | L&G | | Tracks | J.P. Morgan ESG CEMBI Broad Diversified Custom Maturity Index - Benchmark TR Net | | Income | Distributing | | Ongoing charge | 0.38% a year (£38 per £10,000) | | Fund size | £11.5m | | Launched | 2021 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 09/12/2021 | ## 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 | +0.44% | -3.12% | income reinvested | | 3 years | +19.21% | +7.70% | 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 Corporate Bond (USD) Screened UCITS ETF Hedged GBP in pounds (price only, income paid out not included): 2022 −14.5%, 2023 +1.0%, 2024 +0.4%, 2025 +1.9%; 2026 to 13/11/2026 −6.1%. Returns of Legal & General UCITS ETF ICAV - L&G Emerging Markets Corporate Bond (USD) Screened UCITS ETF Hedged GBP in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −5.7%; to 30/09/2025: 0.0%; to 30/09/2024: +6.6%; to 30/09/2023: +0.5%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -14.5% | -21.7% | Price | | 2023 | +1.0% | -3.0% | Price | | 2024 | +0.4% | -3.0% | Price | | 2025 | +1.9% | -1.6% | Price | | 2026 to 13/11/2026 | -6.1% | -9.1% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 5.62% | -6.74% | | 3 years | 5.19% | -6.74% | ## Largest fall Volatility of Legal & General UCITS ETF ICAV - L&G Emerging Markets Corporate Bond (USD) Screened UCITS ETF Hedged GBP in pounds, annualised from weekly returns to 13/11/2026: 5.6% over 1 year, 5.2% over 3 years. Largest fall in the price of Legal & General UCITS ETF ICAV - L&G Emerging Markets Corporate Bond (USD) Screened UCITS ETF Hedged GBP since December 2021, in pounds: −20.1% from 17/12/2021 to 21/10/2022. The lowest 12-month return of Legal & General UCITS ETF ICAV - L&G Emerging Markets Corporate Bond (USD) Screened UCITS ETF Hedged GBP in pounds (price only, income paid out not included) since December 2021 was −14.5% (12 months to 30/12/2022); the highest was +7.8% (12 months to 18/10/2024). On 13/11/2026 the price of Legal & General UCITS ETF ICAV - L&G Emerging Markets Corporate Bond (USD) Screened UCITS ETF Hedged GBP was 17.0% below its highest weekly close since December 2021 (17/12/2021), in pounds. ## Charges compared with similar funds Ongoing charge of Legal & General UCITS ETF ICAV - L&G Emerging Markets Corporate Bond (USD) Screened UCITS ETF Hedged GBP 0.38% a year. Compared on 14/11/2026, 109 of the 427 other corporate and other bond funds charge more, 2 the same and 316 less (share classes counted once). ## Funds tracking the same index 3 funds track J.P. Morgan ESG CEMBI Broad Diversified Custom Maturity Index - Benchmark TR Net, this one included and share classes counted once; their ongoing charges range from 0.35% to 0.38% a year (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Legal & General UCITS ETF ICAV - L&G Emerging Markets Corporate Bond (USD) Screened UCITS ETF Accum Shs USD | 0.35% | -0.3% | +11.3% | +2.0% | | Legal & General UCITS ETF ICAV - L&G Emerging Markets Corporate Bond (USD) Screened UCITS ETF Hedged GBP (this fund) | 0.38% | +0.4% | +19.2% | — | | Legal & General UCITS ETF ICAV - L&G Emerging Markets Corporate Bond (USD) Screened UCITS ETF Shs USD | 0.35% | -0.3% | +11.3% | +2.0% | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.38%** 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 EMDH?** The ongoing charge of EMDH is 0.38% a year — about £38 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 Corporate Bond (USD) Screened UCITS ETF Hedged GBP 0.38% a year. Compared on 14/11/2026, 109 of the 427 other corporate and other bond funds charge more, 2 the same and 316 less (share classes counted once). **What does EMDH track?** EMDH tracks the J.P. Morgan ESG CEMBI Broad Diversified Custom Maturity Index - Benchmark TR Net. **Is EMDH accumulating or distributing?** EMDH 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 EMDH?** The ISIN of EMDH is IE000YPT5PG3. An ISIN identifies one exact share class of a fund; EMDH is its ticker on the London Stock Exchange. **What were EMDH’s returns in each of the last five years?** Calendar-year returns of EMDH in pounds (price only, income paid out not included): 2022 −14.5%, 2023 +1.0%, 2024 +0.4%, 2025 +1.9%; 2026 to 13/11/2026 −6.1%. Past performance is not a guide to future returns. **How has EMDH done after inflation?** Over the three years to 13/11/2026 EMDH’s total return was +19.2%, or +7.7% 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-Corporate-Bond-USD-Screened/IE000YPT5PG3/) - Links checked 12/10/2026. --- 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.