# iShares II PLC - iShares J.P. Morgan Advanced USD EM Bond UCITS ETF USD (EMES) **Source:** https://fundology.uk/fund/emes · ISIN IE00BDDRDW15 · 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, EMES (iShares J.P. Morgan Advanced USD EM Bond UCITS ETF USD, ISIN IE00BDDRDW15) closed at $4.18 on the London Stock Exchange. Its ongoing charge is 0.45% a year (about £45 on £10,000). Over the five years to 30/09/2026 its total return was +5.5%, or −17.6% after UK CPIH inflation. ## Summary iShares II PLC - iShares J.P. Morgan Advanced USD EM Bond UCITS ETF USD is an exchange-traded fund (ETF) from iShares, launched in 2018. It tracks the J.P. Morgan Screened Tilted & Reweighted EMBI Global Diversified Index - USD - 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 0.45% 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 paid out to holders as cash, usually a few times a year. Latest close: **$4.18** (30/09/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | EMES | | ISIN | IE00BDDRDW15 | | Category | Corporate & other bonds | | Type | ETF | | Provider | iShares | | Tracks | J.P. Morgan Screened Tilted & Reweighted EMBI Global Diversified Index - USD - Benchmark TR Net | | Income | Distributing | | Ongoing charge | 0.45% a year (£45 per £10,000) | | Fund size | £276m | | Launched | 2018 | | Domicile | Ireland | ## Past returns (periods to 30/09/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | +1.91% | -1.29% | income reinvested | | 3 years | +17.40% | +5.94% | income reinvested | | 5 years | +5.46% | -17.56% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Calendar-year returns Calendar-year returns of iShares II PLC - iShares J.P. Morgan Advanced USD EM Bond UCITS ETF USD in pounds (price only, income paid out not included): 2022 −13.4%, 2023 −2.1%, 2024 +0.8%, 2025 −0.7%; 2026 to 30/09/2026 −4.5%. Returns of iShares II PLC - iShares J.P. Morgan Advanced USD EM Bond UCITS ETF USD in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −5.8%; to 30/09/2025: +1.7%; to 30/09/2024: +1.7%; to 30/09/2023: −7.1%; to 30/09/2022: −11.2%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -13.4% | -20.7% | Price | | 2023 | -2.1% | -6.0% | Price | | 2024 | +0.8% | -2.7% | Price | | 2025 | -0.7% | -4.1% | Price | | 2026 to 30/09/2026 | -4.5% | -7.2% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 7.81% | -9.25% | | 3 years | 8.23% | -10.69% | | 5 years | 9.24% | -22.78% | ## Largest fall Volatility of iShares II PLC - iShares J.P. Morgan Advanced USD EM Bond UCITS ETF USD in pounds, annualised from weekly returns to 30/09/2026: 7.8% over 1 year, 8.2% over 3 years, 9.2% over 5 years. Largest fall in the price of iShares II PLC - iShares J.P. Morgan Advanced USD EM Bond UCITS ETF USD since October 2021, in pounds: −22.8% from 05/11/2021 to 23/05/2025. The lowest 12-month return of iShares II PLC - iShares J.P. Morgan Advanced USD EM Bond UCITS ETF USD in pounds (price only, income paid out not included) since January 2021 was −15.6% (12 months to 09/12/2022); the highest was +7.8% (12 months to 26/06/2026). On 30/09/2026 the price of iShares II PLC - iShares J.P. Morgan Advanced USD EM Bond UCITS ETF USD was 21.0% below its highest weekly close since October 2021 (05/11/2021), in pounds. ## Charges compared with similar funds Ongoing charge of iShares II PLC - iShares J.P. Morgan Advanced USD EM Bond UCITS ETF USD 0.45% a year, as of 01/10/2026: 70 of the 383 other corporate and other bond funds charge more, 10 the same and 303 less (share classes counted once). ## Funds tracking the same index 2 funds track J.P. Morgan Screened Tilted & Reweighted EMBI Global Diversified Index - USD - Benchmark TR Net, this one included and share classes counted once; their ongoing charges range from 0.45% to 0.45% a year (30/09/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | iShares II PLC - iShares J.P. Morgan Advanced USD EM Bond UCITS ETF Accum USD | 0.45% | +1.9% | +17.4% | +5.5% | | iShares II PLC - iShares J.P. Morgan Advanced USD EM Bond UCITS ETF USD (this fund) | 0.45% | +1.9% | +17.4% | +5.5% | 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 --- 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.