ETF · iShares
EMHG iShares J.P. Morgan USD EM Bond UCITS ETF GBP Hedged Dist
ISIN IE00BDFGJ734London Stock Exchange: EMHGBlackRock, Inc.
- Corporate & other bonds
- ETF
- ISA
- SIPP
- Distributing
- GBP hedged
Latest close
LSE£3.66
on
- Ongoing charge
- 0.50% a year
- Fund size
- £172m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, EMHG (iShares J.P. Morgan USD EM Bond UCITS ETF GBP Hedged Dist, ISIN IE00BDFGJ734) closed at £3.66 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 +2.7%, or −19.8% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- +0.7%
- −2.9% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +29.0%
- +16.6% after inflation (UK CPIH)
- 5 years to 13/11/2026
- +2.7%
- −19.8% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £1,027 on 13/11/2026 — about £802 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.
Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of iShares J.P. Morgan USD EM Bond UCITS ETF GBP Hedged Dist in pounds (price only, income paid out not included): 2022 −24.1%, 2023 +3.0%, 2024 −0.4%, 2025 +6.4%; 2026 to 13/11/2026 −6.0%. Returns of iShares J.P. Morgan USD EM Bond UCITS ETF GBP Hedged Dist in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −5.4%; to 30/09/2025: +1.8%; to 30/09/2024: +11.1%; to 30/09/2023: +1.4%; to 30/09/2022: −28.9%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | −6.0% | −9.0% | |
| to | +6.4% | +2.8% | |
| to | −0.4% | −3.8% | |
| +3.0% | −1.1% | ||
| −24.1% | −30.5% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | −5.4% | −8.7% |
| from | +1.8% | −2.1% |
| from | +11.1% | +8.2% |
| from | +1.4% | −4.7% |
| from | −28.9% | −34.7% |
As of , inflation: UK CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
9.3%over 5 years
| 1 year | 5.7% |
|---|---|
| 3 years | 6.2% |
| 5 years | 9.3% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 2021
- −31.1%
- From to
- Lowest 12-month return
- −30.9%
- 12 months to
- Highest 12-month return
- +13.4%
- 12 months to
- Below its highest weekly close since November 2021
- 22.3%
- High of , latest
In words: Volatility of iShares J.P. Morgan USD EM Bond UCITS ETF GBP Hedged Dist in pounds, annualised from weekly returns to 13/11/2026: 5.7% over 1 year, 6.2% over 3 years, 9.3% over 5 years. Largest fall in the price of iShares J.P. Morgan USD EM Bond UCITS ETF GBP Hedged Dist since November 2021, in pounds: −31.1% from 10/12/2021 to 21/10/2022. The lowest 12-month return of iShares J.P. Morgan USD EM Bond UCITS ETF GBP Hedged Dist in pounds (price only, income paid out not included) since January 2021 was −30.9% (12 months to 21/10/2022); the highest was +13.4% (12 months to 18/10/2024). On 13/11/2026 the price of iShares J.P. Morgan USD EM Bond UCITS ETF GBP Hedged Dist was 22.3% below its highest weekly close since November 2021 (10/12/2021), in pounds.
As of , price only — income paid out is not included
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.50%
- a year
- On £10,000
- £50
- a year, roughly
- Over five years
- £248
- of £10,000, before growth
- 360 charge less
- 16 the same
- 51 charge more
Ongoing charge of iShares J.P. Morgan USD EM Bond UCITS ETF GBP Hedged Dist 0.50% a year. Compared on 14/11/2026, 51 of the 427 other corporate and other bond funds charge more, 16 the same and 360 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
iShares J.P. Morgan USD EM Bond UCITS ETF GBP Hedged Dist is an exchange-traded fund (ETF) from iShares, launched in 2018.
It tracks the J.P. Morgan EMBI Global Core 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 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.
Corporate & other bonds: Loans to companies and other borrowers, which usually pay more interest than government bonds in exchange for more risk.
Terms:ETFIndex fundUCITSAccumulating or incomeCurrency hedgingShare classISIN
Key facts
- Ticker
- EMHG
- ISIN
- IE00BDFGJ734
- Provider
- iShares
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Distributing, paid monthly
- Income is paid out to holders as cash, usually a few times a year.
- Ongoing charge
- 0.50% a year · about £50 on £10,000
- Fund size
- £172m
- Launched
- Domicile
- Ireland
- UK reporting fund status
- Yes — on HMRC’s list of reporting funds (list of )
- Reporting fund since . What reporting fund status means
- Can usually be held in
- ISA and SIPP
- Check with your platform: each decides which funds it offers.
- Currency hedged
- Yes, to pounds
- Price currency
- Pounds (GBP)
- Category
- Corporate & other bonds
Price chart
Over the last year, the closing price went from £3.87 on 14/11/2025 to £3.66 on 13/11/2026 (−5.5%). The lowest close shown was £3.63 on 02/10/2026 and the highest £3.94 on 13/02/2026.
One close a week. Before 31/07/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded. Price only — income paid out is not included, so the line can end below the total return above.
As of , at least 15 min delayed
Five years of prices, and after inflation
262 weekly closes, from 12/11/2021 to 13/11/2026. The same history in November 2026 pounds, adjusted with CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
Sign-up takes an email address. There is no card to enter and nothing to pay.
How we work it out:Prices and returnsNAV and price
What it holds
- Holdings
- 613
- on record
- Ten largest
- 5.9%
- of the whole fund
- Effective number of holdings
- 459
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 1.0%
- Argentina Republic of Government 4.13% 09/07/2035
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | Argentina Republic of Government 4.13% 09/07/2035Sovereign | 1.00% |
| 2 | ECUADOR REPUBLIC OF (GOVERNMENT) RegS 6.90% 31/07/2035Sovereign | 0.76% |
| 3 | Argentina Republic of Government 0.75% 09/07/2030Sovereign | 0.61% |
| 4 | Argentina Republic of Government 5.00% 09/01/2038Sovereign | 0.59% |
| 5 | GHANA (REPUBLIC OF) DISCO RegS 5.00% 03/07/2035Sovereign | 0.57% |
| 6 | EAGLE FUNDING LUXCO SARL RegS 5.50% 17/08/2030Sovereign | 0.53% |
| 7 | Uruguay (Oriental Republic Of) 5.10% 18/06/2050Sovereign | 0.53% |
| 8 | Argentina Republic of Government 3.50% 09/07/2041Sovereign | 0.48% |
| 9 | OMAN SULTANATE OF (GOVERNMENT) RegS 6.75% 17/01/2048Sovereign | 0.43% |
| 10 | UKRAINE (REPUBLIC OF) C BONDS RegS 4.00% 01/02/2032Sovereign | 0.42% |
As of , holdings as published
Where it invests
The portfolio by sector, country and type of asset, as a share of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.
By sector
- Sovereign87.2%
- Owned No Guarantee11.0%
- Government Guaranteed1.7%
- Cash and derivatives0.1%
By country
- Saudi Arabia6.4%
- Mexico6.3%
- Turkey4.9%
- Indonesia4.3%
- Brazil3.9%
- Poland3.7%
- Dominican Republic3.5%
- Philippines3.5%
- Other countries63.5%
By type of asset
- Bonds99.9%
- Cash and money market0.1%
See the full portfolio
Every holding with search and filters, the whole breakdown by sector, country and type of asset, a map of the 100 largest and what changed since .
More of the portfolio
The fund publishes 613 holdings; the ten largest make up 5.9% of it. The fund's portfolio is also split by currency, maturity and credit quality.
Create a free account to see the full holdings list and the currency, maturity and credit-quality breakdowns
Sign-up takes an email address. There is no card to enter and nothing to pay.
Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured
Funds tracking the same index
6 funds track J.P. Morgan EMBI Global Core Index, this one included and share classes counted once; their ongoing charges range from 0.30% to 0.50% a year (13/11/2026).
| Fund | Charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist)Distributing · Currency hedged · 0.50% a year | 0.50% | −6.2% | +18.0% | −6.5% |
| iShares J.P. Morgan USD EM Bond UCITS ETFDistributing · 0.45% a year | 0.45% | −0.3% | +19.7% | +9.1% |
| iShares J.P. Morgan USD EM Bond UCITS ETF AccAccumulating · 0.45% a year | 0.45% | +0.5% | +21.0% | +8.7% |
| iShares J.P. Morgan USD EM Bond UCITS ETF GBP Hedged DistThis fundDistributing · Currency hedged · 0.50% a year | 0.50% | +0.7% | +29.0% | +2.7% |
| iShares J.P. Morgan USD EM Bond UCITS ETF MXN Hedged AccAccumulating · Currency hedged · 0.50% a year | 0.50% | +1.4% | +30.6% | +53.7% |
| VanEck J.P. Morgan EM Local Currency Bond UCITS ETF Accum A USDAccumulating · 0.30% a year | 0.30% | +1.4% | +12.8% | +12.7% |
As of
J.P. Morgan EMBI Global Core funds compared: charges, sizes and share classes
Read more:Index fundsTracking differenceHow funds are compared
Other versions of this fund
- iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist)Distributing · Currency hedged · 0.50% a year · IE00B9M6RS56
- iShares J.P. Morgan USD EM Bond UCITS ETFDistributing · 0.45% a year · IE00B2NPKV68
- iShares J.P. Morgan USD EM Bond UCITS ETF AccAccumulating · 0.45% a year · IE00BYXYYK40
- iShares J.P. Morgan USD EM Bond UCITS ETF MXN Hedged AccAccumulating · Currency hedged · 0.50% a year · IE00BDDRH417
Read more:Share classesAccumulating or incomeCurrency hedging
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1, 3 and 5 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 254 rolling 12-month returns since January 2021, and of 150 rolling three-year returns, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 2 largest falls since November 2021, in pounds, with how many weeks each took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios, every rolling return and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Moves compared with a similar fund
Correlation and beta of weekly returns in pounds against iShares Core UK Gilts UCITS ETF, over the three years to 13/11/2026 (156 weeks).
Pro
Pro — currently by invitation
Pro includes moves against a comparable fund
Pro is open by invitation while it is being built. There is nothing to buy. To ask about access, email [email protected].
Questions people ask
What is the ongoing charge of EMHG?
The ongoing charge of EMHG 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 USD EM Bond UCITS ETF GBP Hedged Dist 0.50% a year. Compared on 14/11/2026, 51 of the 427 other corporate and other bond funds charge more, 16 the same and 360 less (share classes counted once).
What does EMHG track?
EMHG tracks the J.P. Morgan EMBI Global Core Index.
Is EMHG accumulating or distributing?
EMHG is distributing: income is paid out to holders as cash, usually a few times a year. It pays out monthly.
What is the ISIN of EMHG?
The ISIN of EMHG is IE00BDFGJ734. An ISIN identifies one exact share class of a fund; EMHG is its ticker on the London Stock Exchange.
What does EMHG hold?
As of 06/11/2026, EMHG holds 613 positions, according to its published holdings. The largest is Argentina Republic of Government 4.13% 09/07/2035 at 1.00% of the fund; the ten largest make up 5.9%. Its ten largest holdings are Argentina Republic of Government 4.13% 09/07/2035 (1.00%), ECUADOR REPUBLIC OF (GOVERNMENT) RegS 6.90% 31/07/2035 (0.76%), Argentina Republic of Government 0.75% 09/07/2030 (0.61%), Argentina Republic of Government 5.00% 09/01/2038 (0.59%), GHANA (REPUBLIC OF) DISCO RegS 5.00% 03/07/2035 (0.57%), EAGLE FUNDING LUXCO SARL RegS 5.50% 17/08/2030 (0.53%), Uruguay (Oriental Republic Of) 5.10% 18/06/2050 (0.53%), Argentina Republic of Government 3.50% 09/07/2041 (0.48%), OMAN SULTANATE OF (GOVERNMENT) RegS 6.75% 17/01/2048 (0.43%) and UKRAINE (REPUBLIC OF) C BONDS RegS 4.00% 01/02/2032 (0.42%).
What were EMHG’s returns in each of the last five years?
Calendar-year returns of EMHG in pounds (price only, income paid out not included): 2022 −24.1%, 2023 +3.0%, 2024 −0.4%, 2025 +6.4%; 2026 to 13/11/2026 −6.0%. Past performance is not a guide to future returns.
How has EMHG done after inflation?
Over the five years to 13/11/2026 EMHG’s total return was +2.7%, or −19.8% after UK CPIH inflation. Past performance is not a guide to future returns.
Similar funds
- IEBCiShares Core EUR Corp Bond UCITS ETF0.09% a year · £8.5bn
- SDIAiShares USD Short Duration Corp Bond UCITS ETF Unhedged USD0.20% a year · £5.0bn
- USC5State Street SPDR Bloomberg 1-5 Year U.S. Corporate Bond UCITS ETF Accum USD0.11% a year · £4.4bn
- SHYGiShares Euro High Yield Corp Bond UCITS ETF EUR0.50% a year · £4.4bn
- LQDAiShares USD Corp Bond UCITS ETF Acc0.20% a year · £4.1bn
- XBLCXtrackers II EUR Corporate Bond UCITS ETF0.09% a year · £3.9bn
- ECRPAmundi EUR Corporate Bond ESG UCITS ETF DR- Capitalisation0.19% a year · £3.6bn
- SUOEiShares Euro Corp Bond ESG SRI UCITS ETF Shs EUR0.14% a year · £3.3bn
Fund documents and methods
- Fund documents
- Fund page at iShares · Key investor information document (KIID) · Factsheet (links checked )
Methodology:ReturnsCategoriesAll methods
A machine-readable copy of this page: Markdown.