# PIMCO Advantage Emerging Markets Local Bond UCITS ETF USD (EMLI) **Page:** https://fundology.uk/fund/emli · ISIN IE00BH3X8336 ## 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, EMLI (PIMCO Advantage Emerging Markets Local Bond UCITS ETF USD, ISIN IE00BH3X8336) closed at $63.87 on the London Stock Exchange. Its ongoing charge is 0.60% a year (about £60 on £10,000). Over the five years to 13/11/2026 its price changed by −8.4% (income paid out is not included), or −28.5% after UK CPIH inflation. ## Summary PIMCO Advantage Emerging Markets Local Bond UCITS ETF USD is an exchange-traded fund (ETF) from PIMCO, launched in 2014. It tracks the ICE BofA PIMCO Emerging Markets Advantage Local Currency Bond. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.6% a year — about £60 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: **$63.87** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | EMLI | | ISIN | IE00BH3X8336 | | Category | Corporate & other bonds | | Type | ETF | | Provider | PIMCO | | Tracks | ICE BofA PIMCO Emerging Markets Advantage Local Currency Bond | | Income | Distributing | | Ongoing charge | 0.60% a year (£60 per £10,000) | | Fund size | £61.7m | | Launched | 2014 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 23/01/2014 | ## 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 | -0.56% | -4.08% | income reinvested | | 3 years | -7.76% | -16.66% | price only | | 5 years | -8.37% | -28.48% | price only | Returns: as reported (delayed data) and worked out from recorded daily closes. Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of PIMCO Advantage Emerging Markets Local Bond UCITS ETF USD in pounds (price only, income paid out not included): 2022 +0.4%, 2023 +1.4%, 2024 −6.6%, 2025 +1.8%; 2026 to 13/11/2026 −3.3%. Returns of PIMCO Advantage Emerging Markets Local Bond UCITS ETF USD in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −1.1%; to 30/09/2025: −0.2%; to 30/09/2024: −4.7%; to 30/09/2023: −0.8%; to 30/09/2022: −0.3%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | +0.4% | -8.1% | Price | | 2023 | +1.4% | -2.6% | Price | | 2024 | -6.6% | -9.8% | Price | | 2025 | +1.8% | -1.7% | Price | | 2026 to 13/11/2026 | -3.3% | -6.4% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 7.21% | -6.88% | | 3 years | 6.04% | -9.93% | | 5 years | 8.41% | -12.55% | ## Largest fall Volatility of PIMCO Advantage Emerging Markets Local Bond UCITS ETF USD in pounds, annualised from weekly returns to 13/11/2026: 7.2% over 1 year, 6.0% over 3 years, 8.4% over 5 years. Largest fall in the price of PIMCO Advantage Emerging Markets Local Bond UCITS ETF USD since November 2021, in pounds: −12.5% from 10/12/2021 to 11/03/2022. The lowest 12-month return of PIMCO Advantage Emerging Markets Local Bond UCITS ETF USD in pounds (price only, income paid out not included) since January 2021 was −12.8% (12 months to 11/03/2022); the highest was +15.7% (12 months to 10/03/2023). On 13/11/2026 the price of PIMCO Advantage Emerging Markets Local Bond UCITS ETF USD was 10.5% below its highest weekly close since November 2021 (23/09/2022), in pounds. ## Charges compared with similar funds Ongoing charge of PIMCO Advantage Emerging Markets Local Bond UCITS ETF USD 0.60% a year. Compared on 14/11/2026, 23 of the 427 other corporate and other bond funds charge more, 8 the same and 396 less (share classes counted once). ## Funds tracking the same index 2 funds track ICE BofA PIMCO Emerging Markets Advantage Local Currency Bond, this one included and share classes counted once; their ongoing charges range from 0.43% to 0.60% a year (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | PIMCO Advantage Emerging Markets Local Bond UCITS ETF Accum USD | 0.43% | +2.2% | +11.9% | +23.7% | | PIMCO Advantage Emerging Markets Local Bond UCITS ETF USD (this fund) | 0.60% | -0.6% | — | — | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.60%** 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. ## Questions people ask **What is the ongoing charge of EMLI?** The ongoing charge of EMLI is 0.60% a year — about £60 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 PIMCO Advantage Emerging Markets Local Bond UCITS ETF USD 0.60% a year. Compared on 14/11/2026, 23 of the 427 other corporate and other bond funds charge more, 8 the same and 396 less (share classes counted once). **What does EMLI track?** EMLI tracks the ICE BofA PIMCO Emerging Markets Advantage Local Currency Bond. **Is EMLI accumulating or distributing?** EMLI 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 EMLI?** The ISIN of EMLI is IE00BH3X8336. An ISIN identifies one exact share class of a fund; EMLI is its ticker on the London Stock Exchange. **What were EMLI’s returns in each of the last five years?** Calendar-year returns of EMLI in pounds (price only, income paid out not included): 2022 +0.4%, 2023 +1.4%, 2024 −6.6%, 2025 +1.8%; 2026 to 13/11/2026 −3.3%. Past performance is not a guide to future returns. **How has EMLI done after inflation?** Over the five years to 13/11/2026 EMLI’s price changed by −8.4% (income paid out is not included), or −28.5% after UK CPIH inflation. Past performance is not a guide to future returns. --- 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.