# iShares II PLC - iShares J.P. Morgan Advanced USD EM Bond UCITS ETF Accum USD (EMSA) **Source:** https://fundology.uk/fund/emsa · ISIN IE00BF553838 · 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, EMSA (iShares J.P. Morgan Advanced USD EM Bond UCITS ETF Accum USD, ISIN IE00BF553838) closed at $6.13 on the London Stock Exchange. Its ongoing charge is 0.45% a year (about £45 on £10,000). Over the five years to 30/09/2026 its total return was +5.5%, or −17.5% after UK CPIH inflation. ## Summary iShares II PLC - iShares J.P. Morgan Advanced USD EM Bond UCITS ETF Accum USD is an exchange-traded fund (ETF) from iShares, launched in 2018. It tracks the J.P. Morgan Screened Tilted & Reweighted EMBI Global Diversified Index - USD - Benchmark TR Net. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.45% a year — about £45 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: **$6.13** (30/09/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | EMSA | | ISIN | IE00BF553838 | | Category | Corporate & other bonds | | Type | ETF | | Provider | iShares | | Tracks | J.P. Morgan Screened Tilted & Reweighted EMBI Global Diversified Index - USD - Benchmark TR Net | | Income | Accumulating | | Ongoing charge | 0.45% a year (£45 per £10,000) | | Fund size | £739m | | 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 | +1.90% | -1.29% | income reinvested | | 3 years | +17.41% | +5.95% | income reinvested | | 5 years | +5.49% | -17.53% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Calendar-year returns Calendar-year returns of iShares II PLC - iShares J.P. Morgan Advanced USD EM Bond UCITS ETF Accum USD in pounds (price, with income reinvested in the fund): 2022 −9.0%, 2023 +3.8%, 2024 +6.4%, 2025 +5.4%; 2026 to 30/09/2026 −0.9%. Returns of iShares II PLC - iShares J.P. Morgan Advanced USD EM Bond UCITS ETF Accum USD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +0.8%; to 30/09/2025: +7.4%; to 30/09/2024: +7.8%; to 30/09/2023: −2.1%; to 30/09/2022: −7.5%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -9.0% | -16.7% | Price | | 2023 | +3.8% | -0.4% | Price | | 2024 | +6.4% | +2.8% | Price | | 2025 | +5.4% | +1.8% | Price | | 2026 to 30/09/2026 | -0.9% | -3.7% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 6.35% | -5.05% | | 3 years | 7.23% | -9.06% | | 5 years | 8.43% | -14.30% | ## Largest fall Volatility of iShares II PLC - iShares J.P. Morgan Advanced USD EM Bond UCITS ETF Accum USD in pounds, annualised from weekly returns to 30/09/2026: 6.4% over 1 year, 7.2% over 3 years, 8.4% over 5 years. Largest fall in the price of iShares II PLC - iShares J.P. Morgan Advanced USD EM Bond UCITS ETF Accum USD since October 2021, in pounds: −14.3% from 10/12/2021 to 17/06/2022. The lowest 12-month return of iShares II PLC - iShares J.P. Morgan Advanced USD EM Bond UCITS ETF Accum USD in pounds (price, with income reinvested in the fund) since January 2021 was −11.4% (12 months to 09/12/2022); the highest was +14.0% (12 months to 26/06/2026). On 30/09/2026 the price of iShares II PLC - iShares J.P. Morgan Advanced USD EM Bond UCITS ETF Accum USD was 5.0% below its highest weekly close since October 2021 (26/06/2026), in pounds. ## Charges compared with similar funds Ongoing charge of iShares II PLC - iShares J.P. Morgan Advanced USD EM Bond UCITS ETF Accum USD 0.45% a year, as of 01/10/2026: 70 of the 383 other corporate and other bond funds charge more, 10 the same and 303 less (share classes counted once). ## Funds tracking the same index 2 funds track J.P. Morgan Screened Tilted & Reweighted EMBI Global Diversified Index - USD - Benchmark TR Net, this one included and share classes counted once; their ongoing charges range from 0.45% to 0.45% a year (30/09/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | iShares II PLC - iShares J.P. Morgan Advanced USD EM Bond UCITS ETF Accum USD (this fund) | 0.45% | +1.9% | +17.4% | +5.5% | | iShares II PLC - iShares J.P. Morgan Advanced USD EM Bond UCITS ETF USD | 0.45% | +1.9% | +17.4% | +5.5% | Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.45%** per year - ISA eligible: yes - SIPP eligible: yes ## Top holdings Largest positions (as of 29/09/2026): | Holding | Weight | |---|---| | Poland (Republic Of) | 4.03% | | DOMINICAN REPUBLIC (GOVERNMENT) RegS | 3.75% | | ROMANIA (REPUBLIC OF) MTN RegS | 3.48% | | Argentina Republic of Government | 3.35% | | Uruguay (Oriental Republic Of) | 3.06% | | HUNGARY (GOVERNMENT) RegS | 3.05% | | Brazil Federative Republic of (Gov | 2.95% | | Peru (Republic Of) | 2.82% | | Panama Republic of (Government) | 2.74% | | Turkey (Republic Of) | 2.50% | ## Where it invests Shares of the whole fund. Bonds, cash and positions the source does not classify are shown as they come, not guessed. ### By sector As published by iShares, as of 29/09/2026. | Sector | Weight | |---|---| | Sovereign | 86.0% | | Owned No Guarantee | 11.2% | | Government Guaranteed | 2.5% | | Cash and derivatives | 0.3% | ### By country As published by iShares, as of 29/09/2026. | Country | Weight | |---|---| | Poland | 5.4% | | Hungary | 4.7% | | Brazil | 4.1% | | Chile | 3.9% | | Uruguay | 3.9% | | Dominican Republic | 3.7% | | Saudi Arabia | 3.7% | | Oman | 3.6% | | Other countries | 67.1% | ### By type of asset Added up from the holdings iShares publishes, as of 29/09/2026. | Type of asset | Weight | |---|---| | Bonds | 99.9% | | Cash and money market | 0.3% | All 188 holdings: https://fundology.uk/fund/emsa/holdings --- 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.