# iShares J.P. Morgan EM Local Govt Bond UCITS ETF (EMGA) **Source:** https://fundology.uk/fund/emga · ISIN IE00BFZPF546 · 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, EMGA (iShares J.P. Morgan EM Local Govt Bond UCITS ETF, ISIN IE00BFZPF546) closed at $5.61 on the London Stock Exchange. Its ongoing charge is 0.50% a year (about £50 on £10,000). Over the five years to 30/09/2026 its total return was +11.2%, or −13.1% after UK CPIH inflation. ## Summary iShares J.P. Morgan EM Local Govt Bond UCITS ETF is an exchange-traded fund (ETF) from iShares, launched in 2018. It tracks the JP Morgan GBI-EM Global Diversified 10% Cap 1% Floor Index. 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: **$5.61** (30/09/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | EMGA | | ISIN | IE00BFZPF546 | | Category | Government bonds | | Type | ETF | | Provider | iShares | | Tracks | JP Morgan GBI-EM Global Diversified 10% Cap 1% Floor Index | | Income | Accumulating | | Ongoing charge | 0.50% a year (£50 per £10,000) | | Fund size | £316m | | 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 | +3.97% | +0.71% | income reinvested | | 3 years | +14.11% | +2.97% | income reinvested | | 5 years | +11.19% | -13.08% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Calendar-year returns Calendar-year returns of iShares J.P. Morgan EM Local Govt Bond UCITS ETF in pounds (price, with income reinvested in the fund): 2022 −0.2%, 2023 +5.6%, 2024 −1.3%, 2025 +9.7%; 2026 to 30/09/2026 +1.3%. Returns of iShares J.P. Morgan EM Local Govt Bond UCITS ETF in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +3.8%; to 30/09/2025: +6.1%; to 30/09/2024: +4.1%; to 30/09/2023: +1.1%; to 30/09/2022: −2.9%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -0.2% | -8.6% | Price | | 2023 | +5.6% | +1.4% | Price | | 2024 | -1.3% | -4.6% | Price | | 2025 | +9.7% | +5.9% | Price | | 2026 to 30/09/2026 | +1.3% | -1.5% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 6.69% | -4.86% | | 3 years | 6.07% | -4.86% | | 5 years | 7.67% | -8.78% | ## Largest fall Volatility of iShares J.P. Morgan EM Local Govt Bond UCITS ETF in pounds, annualised from weekly returns to 30/09/2026: 6.7% over 1 year, 6.1% over 3 years, 7.7% over 5 years. Largest fall in the price of iShares J.P. Morgan EM Local Govt Bond UCITS ETF since October 2021, in pounds: −8.8% from 01/10/2021 to 04/03/2022. The lowest 12-month return of iShares J.P. Morgan EM Local Govt Bond UCITS ETF in pounds (price, with income reinvested in the fund) since January 2021 was −9.9% (12 months to 07/01/2022); the highest was +12.6% (12 months to 17/04/2026). On 30/09/2026 the price of iShares J.P. Morgan EM Local Govt Bond UCITS ETF was 2.2% below its highest weekly close since October 2021 (27/02/2026), in pounds. ## Charges compared with similar funds Ongoing charge of iShares J.P. Morgan EM Local Govt Bond UCITS ETF 0.50% a year, as of 01/10/2026: 11 of the 274 other government bond funds charge more, 3 the same and 260 less (share classes counted once). ## Funds tracking the same index 2 funds track JP Morgan GBI-EM Global Diversified 10% Cap 1% Floor Index, this one included and share classes counted once; their ongoing charges range from 0.50% to 0.50% a year (30/09/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | iShares J.P. Morgan EM Local Govt Bond UCITS ETF | 0.50% | +4.3% | +14.1% | +12.3% | | iShares J.P. Morgan EM Local Govt Bond UCITS ETF (this fund) | 0.50% | +4.0% | +14.1% | +11.2% | Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.50%** 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.