ETF · Amundi
LEMB Amundi Index Solutions - USD Emerging Markets Government Bond
ISIN LU1686830909London Stock Exchange: LEMBSAS Rue la Boétie
- Government bonds
- ETF
- ISA
- SIPP
- Distributing
Latest close
LSE$78.81
on
- Ongoing charge
- 0.30% a year
- Fund size
- £43.9m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, LEMB (Amundi Index Solutions - USD Emerging Markets Government Bond, ISIN LU1686830909) closed at $78.81 on the London Stock Exchange. Its ongoing charge is 0.30% a year (about £30 on £10,000). Over the five years to 13/11/2026 its total return was +3.3%, or −19.4% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- −0.2%
- −3.7% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +13.1%
- +2.2% after inflation (UK CPIH)
- 5 years to 13/11/2026
- +3.3%
- −19.4% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £1,033 on 13/11/2026 — about £806 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.
Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of Amundi Index Solutions - USD Emerging Markets Government Bond in pounds (price only, income paid out not included): 2022 −11.7%, 2023 −2.7%, 2024 −0.5%, 2025 −1.5%; 2026 to 13/11/2026 +0.7%. Returns of Amundi Index Solutions - USD Emerging Markets Government Bond in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −3.7%; to 30/09/2025: −0.2%; to 30/09/2024: +1.7%; to 30/09/2023: −4.4%; to 30/09/2022: −9.2%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +0.7% | −2.5% | |
| to | −1.5% | −4.9% | |
| to | −0.5% | −3.8% | |
| −2.7% | −6.5% | ||
| −11.7% | −19.2% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | −3.7% | −7.1% |
| from | −0.2% | −4.0% |
| from | +1.7% | −0.9% |
| from | −4.4% | −10.1% |
| from | −9.2% | −16.5% |
As of , inflation: UK CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
9.9%over 5 years
| 1 year | 8.2% |
|---|---|
| 3 years | 8.9% |
| 5 years | 9.9% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 2021
- −21.6%
- From to
- Lowest 12-month return
- −13.5%
- 12 months to
- Highest 12-month return
- +8.3%
- 12 months to
- Below its highest weekly close since November 2021
- 16.7%
- High of , latest
In words: Volatility of Amundi Index Solutions - USD Emerging Markets Government Bond in pounds, annualised from weekly returns to 13/11/2026: 8.2% over 1 year, 8.9% over 3 years, 9.9% over 5 years. Largest fall in the price of Amundi Index Solutions - USD Emerging Markets Government Bond since November 2021, in pounds: −21.6% from 10/12/2021 to 11/04/2025. The lowest 12-month return of Amundi Index Solutions - USD Emerging Markets Government Bond in pounds (price only, income paid out not included) since January 2021 was −13.5% (12 months to 09/12/2022); the highest was +8.3% (12 months to 26/06/2026). On 13/11/2026 the price of Amundi Index Solutions - USD Emerging Markets Government Bond was 16.7% below its highest weekly close since November 2021 (10/12/2021), in pounds.
As of , price only — income paid out is not included
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.30%
- a year
- On £10,000
- £30
- a year, roughly
- Over five years
- £149
- of £10,000, before growth
- 284 charge less
- 0 the same
- 27 charge more
Ongoing charge of Amundi Index Solutions - USD Emerging Markets Government Bond 0.30% a year. Compared on 14/11/2026, 27 of the 311 other government bond funds charge more, 0 the same and 284 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
Amundi Index Solutions - USD Emerging Markets Government Bond is an exchange-traded fund (ETF) from Amundi, launched in 2010.
It tracks the J.P. Morgan EMBI Global Diversified Select Index - USD - Benchmark TR Gross.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.3% a year — about £30 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.
Government bonds: Loans to governments, such as UK gilts and US Treasuries. They pay interest; their prices move when interest rates change.
Key facts
- Ticker
- LEMB
- ISIN
- LU1686830909
- Provider
- Amundi
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Distributing, paid annual
- Income is paid out to holders as cash, usually a few times a year.
- Ongoing charge
- 0.30% a year · about £30 on £10,000
- Fund size
- £43.9m
- Launched
- Domicile
- Luxembourg
- UK reporting fund status
- Yes — on HMRC’s list of reporting funds (list of )
- Reporting fund since . What reporting fund status means
- Can usually be held in
- ISA and SIPP
- Check with your platform: each decides which funds it offers.
- Currency hedged
- No
- Price currency
- USD
- Category
- Government bonds
Price chart
Over the last year, the closing price went from $83.13 on 14/11/2025 to $78.81 on 13/11/2026 (−5.2%). The lowest close shown was $77.74 on 02/10/2026 and the highest $83.57 on 05/12/2025.
One close a week. Before 31/07/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded. Price only — income paid out is not included, so the line can end below the total return above.
As of , at least 15 min delayed
Five years of prices, and after inflation
256 weekly closes, from 12/11/2021 to 13/11/2026. The same history in November 2026 pounds, adjusted with CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
Sign-up takes an email address. There is no card to enter and nothing to pay.
How we work it out:Prices and returnsNAV and price
What it holds
- Holdings
- 592
- 593 reported in all
- Ten largest
- 6.1%
- of the whole fund
- Effective number of holdings
- 441
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 1.1%
- ARGENTINE 4.125% 09Jul35
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | ARGENTINE 4.125% 09Jul35GovernmentArgentina | 1.10% |
| 2 | REPUBLIC OF E 6.9% 31Jul35GovernmentEcuador | 0.74% |
| 3 | ARGENTINE 0.75% 09Jul30GovernmentArgentina | 0.68% |
| 4 | ARGENTINE 5% 09Jan38GovernmentArgentina | 0.64% |
| 5 | EAGLE FUNDING 5.5% 17Aug30GovernmentMexico | 0.58% |
| 6 | GHANA GOVERNM 5% 03Jul35GovernmentGhana | 0.55% |
| 7 | ARGENTINE 3.5% 09Jul41GovernmentArgentina | 0.53% |
| 8 | URUGUAY 5.1% 18Jun50GovernmentUruguay | 0.50% |
| 9 | SULTANATE OF 6.75% 17Jan48GovernmentOman | 0.41% |
| 10 | FEDERATIVE RE 6.625% 15Mar35GovernmentBrazil | 0.39% |
As of , holdings as published
Where it invests
The portfolio by sector, country and type of asset, as a share of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.
By sector
- Government89.0%
- Energy5.7%
- Financials2.3%
- Materials1.8%
- Utilities0.8%
- Industrials0.3%
- Consumer Discretionary0.1%
By country
- Saudi Arabia7.0%
- Mexico6.8%
- Turkey5.3%
- Indonesia4.7%
- Brazil4.2%
- Poland3.9%
- Dominican Republic3.7%
- Philippines3.7%
- Other countries60.7%
See the full portfolio
Every holding with search and filters, the whole breakdown by sector, country and type of asset, a map of the 100 largest and what changed since .
More of the portfolio
The fund publishes 593 holdings; the ten largest make up 6.1% of it. The fund's portfolio is also split by currency, maturity and credit quality.
Create a free account to see the full holdings list and the currency, maturity and credit-quality breakdowns
Sign-up takes an email address. There is no card to enter and nothing to pay.
Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured
Funds tracking the same index
2 funds track J.P. Morgan EMBI Global Diversified Select Index - USD - Benchmark TR Gross, this one included and share classes counted once; their ongoing charges range from 0.30% to 0.45% a year (13/11/2026).
| Fund | Charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Amundi Index Solutions - USD Emerging Markets Government BondThis fundDistributing · 0.30% a year | 0.30% | −0.2% | +13.1% | +3.3% |
| Amundi USD Emerging Markets Government Bond hs -UCITS ETF GBP Hedged- CapitalisationAccumulating · Currency hedged · 0.45% a year | 0.45% | Not reported | Not reported | Not reported |
As of
J.P. Morgan EMBI Global Diversified Select funds compared: charges, sizes and share classes
Read more:Index fundsTracking differenceHow funds are compared
Other versions of this fund
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1, 3 and 5 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 248 rolling 12-month returns since January 2021, and of 144 rolling three-year returns, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 2 largest falls since November 2021, in pounds, with how many weeks each took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios, every rolling return and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Moves compared with a similar fund
Correlation and beta of weekly returns in pounds against iShares Core UK Gilts UCITS ETF, over the three years to 13/11/2026 (148 weeks).
Pro
Pro — currently by invitation
Pro includes moves against a comparable fund
Pro is open by invitation while it is being built. There is nothing to buy. To ask about access, email [email protected].
Questions people ask
What is the ongoing charge of LEMB?
The ongoing charge of LEMB is 0.30% a year — about £30 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 Amundi Index Solutions - USD Emerging Markets Government Bond 0.30% a year. Compared on 14/11/2026, 27 of the 311 other government bond funds charge more, 0 the same and 284 less (share classes counted once).
What does LEMB track?
LEMB tracks the J.P. Morgan EMBI Global Diversified Select Index - USD - Benchmark TR Gross.
Is LEMB accumulating or distributing?
LEMB is distributing: income is paid out to holders as cash, usually a few times a year. It pays out annual.
What is the ISIN of LEMB?
The ISIN of LEMB is LU1686830909. An ISIN identifies one exact share class of a fund; LEMB is its ticker on the London Stock Exchange.
What does LEMB hold?
As of 11/11/2026, LEMB holds 593 positions, according to its published holdings. The largest is ARGENTINE 4.125% 09Jul35 at 1.10% of the fund; the ten largest make up 6.1%. Its ten largest holdings are ARGENTINE 4.125% 09Jul35 (1.10%), REPUBLIC OF E 6.9% 31Jul35 (0.74%), ARGENTINE 0.75% 09Jul30 (0.68%), ARGENTINE 5% 09Jan38 (0.64%), EAGLE FUNDING 5.5% 17Aug30 (0.58%), GHANA GOVERNM 5% 03Jul35 (0.55%), ARGENTINE 3.5% 09Jul41 (0.53%), URUGUAY 5.1% 18Jun50 (0.50%), SULTANATE OF 6.75% 17Jan48 (0.41%) and FEDERATIVE RE 6.625% 15Mar35 (0.39%).
What were LEMB’s returns in each of the last five years?
Calendar-year returns of LEMB in pounds (price only, income paid out not included): 2022 −11.7%, 2023 −2.7%, 2024 −0.5%, 2025 −1.5%; 2026 to 13/11/2026 +0.7%. Past performance is not a guide to future returns.
How has LEMB done after inflation?
Over the five years to 13/11/2026 LEMB’s total return was +3.3%, or −19.4% after UK CPIH inflation. Past performance is not a guide to future returns.
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Fund documents and methods
- Fund documents
- Fund page at Amundi (links checked )
Methodology:ReturnsCategoriesAll methods
A machine-readable copy of this page: Markdown.