# iShares J.P. Morgan Advanced USD EM Bond UCITS ETF Accum USD (EMSA)

**Page:** https://fundology.uk/fund/emsa · ISIN IE00BF553838

## 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, EMSA (iShares J.P. Morgan Advanced USD EM Bond UCITS ETF Accum USD, ISIN IE00BF553838) closed at $6.19 on the London Stock Exchange. Its ongoing charge is 0.45% a year (about £45 on £10,000). Over the five years to 13/11/2026 its total return was +6.1%, or −17.2% 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: **$6.19** (13/11/2026).

## 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 | £961m |
| Launched | 2018 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 24/09/2018 |

## 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 | +0.28% | -3.27% | income reinvested |
| 3 years | +19.11% | +7.61% | income reinvested |
| 5 years | +6.09% | -17.19% | income reinvested |

Returns: as reported (delayed data). Inflation: UK 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 +8.0%, 2025 +4.1%; 2026 to 13/11/2026 +0.2%. 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: +1.1%; to 30/09/2025: +7.1%; 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 | +8.0% | +4.3% | Price |
| 2025 | +4.1% | +0.5% | Price |
| 2026 to 13/11/2026 | +0.2% | -3.0% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 5.55% | -4.45% |
| 3 years | 7.00% | -9.06% |
| 5 years | 8.26% | -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 13/11/2026: 5.5% over 1 year, 7.0% over 3 years, 8.3% 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 November 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 13/11/2026 the price of iShares II PLC - iShares J.P. Morgan Advanced USD EM Bond UCITS ETF Accum USD was 3.8% below its highest weekly close since November 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. Compared on 14/11/2026, 73 of the 427 other corporate and other bond funds charge more, 10 the same and 344 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 (13/11/2026).

| 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% | +0.3% | +19.1% | +6.1% |
| iShares II PLC - iShares J.P. Morgan Advanced USD EM Bond UCITS ETF USD | 0.45% | +0.3% | +19.1% | +6.1% |

Returns are as reported, in pounds, income reinvested unless marked "(price)".

## Charges & eligibility

- Ongoing charges figure (OCF): **0.45%** per year
- 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.

## What it holds

As of 06/11/2026, EMSA holds 808 positions, according to its published holdings. The largest is Argentina Republic of Government 4.13% 09/07/2035 at 1.04% of the fund; the ten largest make up 6.5%.

### Top holdings

Largest positions (as of 06/11/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Argentina Republic of Government 4.13% 09/07/2035 | — | 1.04% |
| 2 | Uruguay (Oriental Republic Of) 5.10% 18/06/2050 | — | 0.82% |
| 3 | GHANA (REPUBLIC OF) DISCO RegS 5.00% 03/07/2035 | — | 0.67% |
| 4 | Argentina Republic of Government 0.75% 09/07/2030 | — | 0.64% |
| 5 | Argentina Republic of Government 5.00% 09/01/2038 | — | 0.62% |
| 6 | ECUADOR REPUBLIC OF (GOVERNMENT) RegS 6.90% 31/07/2035 | — | 0.58% |
| 7 | Uruguay (Oriental Republic Of) 5.44% 14/02/2037 | — | 0.55% |
| 8 | Uruguay (Oriental Republic Of) 5.75% 28/10/2034 | — | 0.52% |
| 9 | Uruguay (Oriental Republic Of) 4.97% 20/04/2055 | — | 0.51% |
| 10 | Argentina Republic of Government 3.50% 09/07/2041 | — | 0.50% |

## Where it invests

Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.

### By sector

As published for the fund, as of 06/11/2026.

| Sector | Weight |
|---|---|
| Sovereign | 86.3% |
| Owned No Guarantee | 11.1% |
| Government Guaranteed | 2.4% |
| Cash and derivatives | 0.2% |

### By country

As published for the fund, as of 06/11/2026.

| Country | Weight |
|---|---|
| Poland | 5.4% |
| Hungary | 4.7% |
| Brazil | 4.1% |
| Chile | 3.9% |
| Dominican Republic | 3.7% |
| Oman | 3.7% |
| Uruguay | 3.7% |
| Saudi Arabia | 3.6% |
| Other countries | 67.2% |

### By type of asset

Added up from the fund’s published holdings, as of 06/11/2026.

| Type of asset | Weight |
|---|---|
| Bonds | 99.8% |
| Cash and money market | 0.2% |

All 811 holdings: https://fundology.uk/fund/emsa/holdings

## Questions people ask

**What is the ongoing charge of EMSA?**

The ongoing charge of EMSA 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. Platform and dealing fees are charged separately. Ongoing charge of iShares II PLC - iShares J.P. Morgan Advanced USD EM Bond UCITS ETF Accum USD 0.45% a year. Compared on 14/11/2026, 73 of the 427 other corporate and other bond funds charge more, 10 the same and 344 less (share classes counted once).

**What does EMSA track?**

EMSA tracks the J.P. Morgan Screened Tilted & Reweighted EMBI Global Diversified Index - USD - Benchmark TR Net.

**Is EMSA accumulating or distributing?**

EMSA 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 EMSA?**

The ISIN of EMSA is IE00BF553838. An ISIN identifies one exact share class of a fund; EMSA is its ticker on the London Stock Exchange.

**What does EMSA hold?**

As of 06/11/2026, EMSA holds 808 positions, according to its published holdings. The largest is Argentina Republic of Government 4.13% 09/07/2035 at 1.04% of the fund; the ten largest make up 6.5%. Its ten largest holdings are Argentina Republic of Government 4.13% 09/07/2035 (1.04%), Uruguay (Oriental Republic Of) 5.10% 18/06/2050 (0.82%), GHANA (REPUBLIC OF) DISCO RegS 5.00% 03/07/2035 (0.67%), Argentina Republic of Government 0.75% 09/07/2030 (0.64%), Argentina Republic of Government 5.00% 09/01/2038 (0.62%), ECUADOR REPUBLIC OF (GOVERNMENT) RegS 6.90% 31/07/2035 (0.58%), Uruguay (Oriental Republic Of) 5.44% 14/02/2037 (0.55%), Uruguay (Oriental Republic Of) 5.75% 28/10/2034 (0.52%), Uruguay (Oriental Republic Of) 4.97% 20/04/2055 (0.51%) and Argentina Republic of Government 3.50% 09/07/2041 (0.50%).

**What were EMSA’s returns in each of the last five years?**

Calendar-year returns of EMSA in pounds (price, with income reinvested in the fund): 2022 −9.0%, 2023 +3.8%, 2024 +8.0%, 2025 +4.1%; 2026 to 13/11/2026 +0.2%. Past performance is not a guide to future returns.

**How has EMSA done after inflation?**

Over the five years to 13/11/2026 EMSA’s total return was +6.1%, or −17.2% after UK CPIH inflation. Past performance is not a guide to future returns.

## Fund documents

- [Fund page at iShares](https://www.ishares.com/uk/individual/en/products/305218/ishares-jp-morgan-advanced-em-bond-ucits-etf)
- [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-jp-morgan-advanced-em-bond-ucits-etf-usd-acc-gb-ie00bf553838-en.pdf)
- [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/emsa-ishares-jp-morgan-advanced-em-bond-ucits-etf-fund-fact-sheet-en-gb.pdf)
- Links checked 12/10/2026.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.