# iShares J.P. Morgan EM Local Govt Bond UCITS ETF Acc (EMGA) **Page:** https://fundology.uk/fund/emga · ISIN IE00BFZPF546 ## 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, EMGA (iShares J.P. Morgan EM Local Govt Bond UCITS ETF Acc, ISIN IE00BFZPF546) closed at $5.58 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 +12.5%, or −12.2% after UK CPIH inflation. ## Summary iShares J.P. Morgan EM Local Govt Bond UCITS ETF Acc 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: **$5.58** (13/11/2026). ## 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 | £413m | | Launched | 2018 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 31/05/2018 | ## 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 | +1.24% | -2.35% | income reinvested | | 3 years | +12.80% | +1.92% | income reinvested | | 5 years | +12.50% | -12.19% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of iShares J.P. Morgan EM Local Govt Bond UCITS ETF Acc in pounds (price, with income reinvested in the fund): 2022 −0.2%, 2023 +5.6%, 2024 −0.5%, 2025 +9.5%; 2026 to 13/11/2026 +0.5%. Returns of iShares J.P. Morgan EM Local Govt Bond UCITS ETF Acc in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +3.9%; to 30/09/2025: +6.0%; to 30/09/2024: +4.1%; to 30/09/2023: +1.1%; to 30/09/2022: −3.3%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -0.2% | -8.6% | Price | | 2023 | +5.6% | +1.4% | Price | | 2024 | -0.5% | -3.9% | Price | | 2025 | +9.5% | +5.8% | Price | | 2026 to 13/11/2026 | +0.5% | -2.7% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 6.75% | -4.86% | | 3 years | 5.99% | -4.86% | | 5 years | 7.53% | -8.41% | ## Largest fall Volatility of iShares J.P. Morgan EM Local Govt Bond UCITS ETF Acc in pounds, annualised from weekly returns to 13/11/2026: 6.8% over 1 year, 6.0% over 3 years, 7.5% over 5 years. Largest fall in the price of iShares J.P. Morgan EM Local Govt Bond UCITS ETF Acc since November 2021, in pounds: −7.5% from 10/12/2021 to 04/03/2022. The lowest 12-month return of iShares J.P. Morgan EM Local Govt Bond UCITS ETF Acc 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 13/11/2026 the price of iShares J.P. Morgan EM Local Govt Bond UCITS ETF Acc was 2.4% below its highest weekly close since November 2021 (27/02/2026), in pounds. ## Charges compared with similar funds Ongoing charge of iShares J.P. Morgan EM Local Govt Bond UCITS ETF Acc 0.50% a year. Compared on 14/11/2026, 12 of the 311 other government bond funds charge more, 1 the same and 298 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 (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | iShares J.P. Morgan EM Local Govt Bond UCITS ETF | 0.50% | +0.7% | +12.7% | +12.2% | | iShares J.P. Morgan EM Local Govt Bond UCITS ETF Acc (this fund) | 0.50% | +1.2% | +12.8% | +12.5% | 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, EMGA holds 357 positions, according to its published holdings. The largest is Ishs Brazil Ltn Brl Govt Bd Usdha 0.00% at 4.63% of the fund; the ten largest make up 13.6%. ### Top holdings Largest positions (as of 06/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | Ishs Brazil Ltn Brl Govt Bd Usdha 0.00% | — | 4.63% | | 2 | Brazil Federative Republic of (Gov 10.00% 01/01/2031 | — | 1.29% | | 3 | India (Republic Of) 7.10% 08/04/2034 | — | 1.10% | | 4 | Mexico (United Mexican States) (Go 7.75% 29/05/2031 | — | 1.05% | | 5 | China Peoples Republic of (Governm 1.43% 25/01/2030 | — | 1.03% | | 6 | South Africa (Republic Of) 8.75% 28/02/2048 | — | 1.03% | | 7 | South Africa (Republic Of) 8.88% 28/02/2035 | — | 0.89% | | 8 | Mexico (United Mexican States) (Go 8.50% 28/02/2030 | — | 0.86% | | 9 | Mexico (United Mexican States) (Go 8.50% 01/03/2029 | — | 0.84% | | 10 | Mexico (United Mexican States) (Go 7.50% 26/05/2033 | — | 0.83% | ## 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 | |---|---| | Treasury | 94.9% | | ETFs | 4.7% | | Cash and derivatives | 0.4% | ### By country As published for the fund, as of 06/11/2026. | Country | Weight | |---|---| | China | 10.0% | | India | 10.0% | | Mexico | 9.8% | | Malaysia | 9.5% | | Indonesia | 9.0% | | Poland | 8.6% | | Thailand | 7.6% | | South Africa | 7.1% | | Other countries | 28.4% | ### By type of asset Added up from the fund’s published holdings, as of 06/11/2026. | Type of asset | Weight | |---|---| | Bonds | 99.6% | | Cash and money market | 0.4% | The 356 holdings on record (of 357 reported): https://fundology.uk/fund/emga/holdings ## Questions people ask **What is the ongoing charge of EMGA?** The ongoing charge of EMGA 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 J.P. Morgan EM Local Govt Bond UCITS ETF Acc 0.50% a year. Compared on 14/11/2026, 12 of the 311 other government bond funds charge more, 1 the same and 298 less (share classes counted once). **What does EMGA track?** EMGA tracks the JP Morgan GBI-EM Global Diversified 10% Cap 1% Floor Index. **Is EMGA accumulating or distributing?** EMGA 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 EMGA?** The ISIN of EMGA is IE00BFZPF546. An ISIN identifies one exact share class of a fund; EMGA is its ticker on the London Stock Exchange. **What does EMGA hold?** As of 06/11/2026, EMGA holds 357 positions, according to its published holdings. The largest is Ishs Brazil Ltn Brl Govt Bd Usdha 0.00% at 4.63% of the fund; the ten largest make up 13.6%. Its ten largest holdings are Ishs Brazil Ltn Brl Govt Bd Usdha 0.00% (4.63%), Brazil Federative Republic of (Gov 10.00% 01/01/2031 (1.29%), India (Republic Of) 7.10% 08/04/2034 (1.10%), Mexico (United Mexican States) (Go 7.75% 29/05/2031 (1.05%), China Peoples Republic of (Governm 1.43% 25/01/2030 (1.03%), South Africa (Republic Of) 8.75% 28/02/2048 (1.03%), South Africa (Republic Of) 8.88% 28/02/2035 (0.89%), Mexico (United Mexican States) (Go 8.50% 28/02/2030 (0.86%), Mexico (United Mexican States) (Go 8.50% 01/03/2029 (0.84%) and Mexico (United Mexican States) (Go 7.50% 26/05/2033 (0.83%). **What were EMGA’s returns in each of the last five years?** Calendar-year returns of EMGA in pounds (price, with income reinvested in the fund): 2022 −0.2%, 2023 +5.6%, 2024 −0.5%, 2025 +9.5%; 2026 to 13/11/2026 +0.5%. Past performance is not a guide to future returns. **How has EMGA done after inflation?** Over the five years to 13/11/2026 EMGA’s total return was +12.5%, or −12.2% 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/297676/ishares-j-p-morgan-em-local-govt-bond-ucits-etf) - [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-jp-morgan-em-local-govt-bond-ucits-etf-usd-acc-gb-ie00bfzpf546-en.pdf) - [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/emga-ishares-j-p-morgan-em-local-govt-bond-ucits-etf-fund-fact-sheet-en-gb.pdf) - 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.