# PIMCO Advantage Emerging Markets Local Bond UCITS ETF Accum USD (EMLP) **Page:** https://fundology.uk/fund/emlp · ISIN IE00B4P11460 ## 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, EMLP (PIMCO Advantage Emerging Markets Local Bond UCITS ETF Accum USD, ISIN IE00B4P11460) closed at £96.45 on the London Stock Exchange. Its ongoing charge is 0.43% a year (about £43 on £10,000). Over the five years to 13/11/2026 its total return was +23.7%, or −3.4% after UK CPIH inflation. ## Summary PIMCO Advantage Emerging Markets Local Bond UCITS ETF Accum USD is an exchange-traded fund (ETF) from PIMCO, launched in 2011. 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 0.43% a year — about £43 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: **£96.45** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | EMLP | | ISIN | IE00B4P11460 | | Also listed as | EMLB (London Stock Exchange, US dollars), PEML (Xetra, euros) | | Category | Corporate & other bonds | | Type | ETF | | Provider | PIMCO | | Tracks | ICE BofA PIMCO Emerging Markets Advantage Local Currency Bond | | Income | Accumulating | | Ongoing charge | 0.43% a year (£43 per £10,000) | | Fund size | £177m | | Launched | 2011 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 19/09/2011 | ## 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 | +2.16% | -1.45% | income reinvested | | 3 years | +11.92% | +1.12% | income reinvested | | 5 years | +23.74% | -3.41% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of PIMCO Advantage Emerging Markets Local Bond UCITS ETF Accum USD in pounds (price, with income reinvested in the fund): 2022 +5.5%, 2023 +7.5%, 2024 −0.5%, 2025 +7.5%; 2026 to 13/11/2026 +3.3%. Returns of PIMCO Advantage Emerging Markets Local Bond UCITS ETF Accum USD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +6.6%; to 30/09/2025: +6.0%; to 30/09/2024: +0.4%; to 30/09/2023: +6.6%; to 30/09/2022: +3.6%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | +5.5% | -3.4% | Price | | 2023 | +7.5% | +3.2% | Price | | 2024 | -0.5% | -3.9% | Price | | 2025 | +7.5% | +3.8% | Price | | 2026 to 13/11/2026 | +3.3% | -0.0% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 6.44% | -3.82% | | 3 years | 5.54% | -4.35% | | 5 years | 8.19% | -10.28% | ## Largest fall Volatility of PIMCO Advantage Emerging Markets Local Bond UCITS ETF Accum USD in pounds, annualised from weekly returns to 13/11/2026: 6.4% over 1 year, 5.5% over 3 years, 8.2% over 5 years. Largest fall in the price of PIMCO Advantage Emerging Markets Local Bond UCITS ETF Accum USD since November 2021, in pounds: −9.7% from 17/12/2021 to 18/03/2022. The lowest 12-month return of PIMCO Advantage Emerging Markets Local Bond UCITS ETF Accum USD in pounds (price, with income reinvested in the fund) since January 2021 was −7.8% (12 months to 18/03/2022); the highest was +18.7% (12 months to 17/03/2023). On 13/11/2026 the price of PIMCO Advantage Emerging Markets Local Bond UCITS ETF Accum USD was 2.3% below its highest weekly close since November 2021 (09/10/2026), in pounds. ## Charges compared with similar funds Ongoing charge of PIMCO Advantage Emerging Markets Local Bond UCITS ETF Accum USD 0.43% a year. Compared on 14/11/2026, 85 of the 427 other corporate and other bond funds charge more, 2 the same and 340 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 (this fund) | 0.43% | +2.2% | +11.9% | +23.7% | | PIMCO Advantage Emerging Markets Local Bond UCITS ETF USD | 0.60% | -0.6% | — | — | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.43%** 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 EMLP?** The ongoing charge of EMLP is 0.43% a year — about £43 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 Accum USD 0.43% a year. Compared on 14/11/2026, 85 of the 427 other corporate and other bond funds charge more, 2 the same and 340 less (share classes counted once). **What does EMLP track?** EMLP tracks the ICE BofA PIMCO Emerging Markets Advantage Local Currency Bond. **Is EMLP accumulating or distributing?** EMLP 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 EMLP?** The ISIN of EMLP is IE00B4P11460. An ISIN identifies one exact share class of a fund; EMLP is its ticker on the London Stock Exchange. The same share class is also listed as EMLB (London Stock Exchange, US dollars) and PEML (Xetra, euros). **What were EMLP’s returns in each of the last five years?** Calendar-year returns of EMLP in pounds (price, with income reinvested in the fund): 2022 +5.5%, 2023 +7.5%, 2024 −0.5%, 2025 +7.5%; 2026 to 13/11/2026 +3.3%. Past performance is not a guide to future returns. **How has EMLP done after inflation?** Over the five years to 13/11/2026 EMLP’s total return was +23.7%, or −3.4% 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.