# iShares J.P. Morgan USD EM Bond UCITS ETF (EMHG) **Source:** https://fundology.uk/fund/emhg · ISIN IE00BDFGJ734 · 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, EMHG (iShares J.P. Morgan USD EM Bond UCITS ETF, ISIN IE00BDFGJ734) closed at £3.65 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 +2.2%, or −20.1% after UK CPIH inflation. ## Summary iShares J.P. Morgan USD EM Bond UCITS ETF 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. Latest close: **£3.65** (30/09/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | EMHG | | ISIN | IE00BDFGJ734 | | Category | Corporate & other bonds | | Type | ETF | | Provider | iShares | | Tracks | J.P. Morgan EMBI Global Core Index | | Income | Distributing | | Ongoing charge | 0.50% a year (£50 per £10,000) | | Fund size | £131m | | 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 | +0.71% | -2.45% | income reinvested | | 3 years | +27.84% | +15.36% | income reinvested | | 5 years | +2.21% | -20.10% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Calendar-year returns Calendar-year returns of iShares J.P. Morgan USD EM Bond UCITS ETF in pounds (price only, income paid out not included): 2022 −24.1%, 2023 +3.0%, 2024 −0.6%, 2025 +6.6%; 2026 to 30/09/2026 −6.1%. Returns of iShares J.P. Morgan USD EM Bond UCITS ETF in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −4.9%; to 30/09/2025: +1.4%; to 30/09/2024: +11.1%; to 30/09/2023: +1.4%; to 30/09/2022: −29.6%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -24.1% | -30.5% | Price | | 2023 | +3.0% | -1.1% | Price | | 2024 | -0.6% | -4.0% | Price | | 2025 | +6.6% | +3.0% | Price | | 2026 to 30/09/2026 | -6.1% | -8.8% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 5.58% | -7.26% | | 3 years | 6.68% | -7.26% | | 5 years | 9.26% | -31.97% | ## Largest fall Volatility of iShares J.P. Morgan USD EM Bond UCITS ETF in pounds, annualised from weekly returns to 30/09/2026: 5.6% over 1 year, 6.7% over 3 years, 9.3% over 5 years. Largest fall in the price of iShares J.P. Morgan USD EM Bond UCITS ETF since October 2021, in pounds: −32.0% from 05/11/2021 to 21/10/2022. The lowest 12-month return of iShares J.P. Morgan USD EM Bond UCITS ETF 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 30/09/2026 the price of iShares J.P. Morgan USD EM Bond UCITS ETF was 23.4% below its highest weekly close since October 2021 (05/11/2021), in pounds. ## Charges compared with similar funds Ongoing charge of iShares J.P. Morgan USD EM Bond UCITS ETF 0.50% a year, as of 01/10/2026: 50 of the 383 other corporate and other bond funds charge more, 16 the same and 317 less (share classes counted once). ## 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 (30/09/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) | 0.50% | -3.2% | +20.6% | -5.4% | | iShares J.P. Morgan USD EM Bond UCITS ETF | 0.45% | +2.4% | +19.4% | +9.3% | | iShares J.P. Morgan USD EM Bond UCITS ETF | 0.50% | — | — | — | | iShares J.P. Morgan USD EM Bond UCITS ETF (this fund) | 0.50% | +0.7% | +27.8% | +2.2% | | iShares J.P. Morgan USD EM Bond UCITS ETF Acc | 0.45% | +2.1% | +19.5% | +8.2% | | VanEck J.P. Morgan EM Local Currency Bond UCITS ETF Accum A USD | 0.30% | +5.1% | +13.9% | +12.9% | 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.