# Amundi Index Solutions - USD Emerging Markets Government Bond (LEMB) **Source:** https://fundology.uk/fund/lemb · ISIN LU1686830909 · 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, LEMB (Amundi Index Solutions - USD Emerging Markets Government Bond, ISIN LU1686830909) closed at $77.99 on the London Stock Exchange. Its ongoing charge is 0.30% a year (about £30 on £10,000). Over the five years to 30/09/2026 its total return was +3.5%, or −19.1% after UK CPIH inflation. ## Summary 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. Latest close: **$77.99** (30/09/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | LEMB | | ISIN | LU1686830909 | | Category | Government bonds | | Type | ETF | | Provider | Amundi | | Tracks | J.P. Morgan EMBI Global Diversified Select Index - USD - Benchmark TR Gross | | Income | Distributing | | Ongoing charge | 0.30% a year (£30 per £10,000) | | Fund size | £32.9m | | Launched | 2010 | | Domicile | Luxembourg | ## 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 | +2.14% | -1.06% | income reinvested | | 3 years | +13.25% | +2.19% | income reinvested | | 5 years | +3.52% | -19.08% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Calendar-year 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 −1.8%, 2025 −0.6%; 2026 to 30/09/2026 −0.4%. 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: −4.0%; to 30/09/2025: +0.2%; to 30/09/2024: +1.7%; to 30/09/2023: −4.4%; to 30/09/2022: −8.9%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -11.7% | -19.2% | Price | | 2023 | -2.7% | -6.5% | Price | | 2024 | -1.8% | -5.1% | Price | | 2025 | -0.6% | -4.0% | Price | | 2026 to 30/09/2026 | -0.4% | -3.2% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 8.88% | -8.86% | | 3 years | 9.19% | -10.83% | | 5 years | 10.08% | -21.59% | ## Largest fall Volatility of Amundi Index Solutions - USD Emerging Markets Government Bond in pounds, annualised from weekly returns to 30/09/2026: 8.9% over 1 year, 9.2% over 3 years, 10.1% over 5 years. Largest fall in the price of Amundi Index Solutions - USD Emerging Markets Government Bond since October 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 30/09/2026 the price of Amundi Index Solutions - USD Emerging Markets Government Bond was 18.0% below its highest weekly close since October 2021 (10/12/2021), in pounds. ## Charges compared with similar funds Ongoing charge of Amundi Index Solutions - USD Emerging Markets Government Bond 0.30% a year, as of 01/10/2026: 23 of the 274 other government bond funds charge more, 0 the same and 251 less (share classes counted once). ## 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 (30/09/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Amundi Index Solutions - USD Emerging Markets Government Bond (this fund) | 0.30% | +2.1% | +13.3% | +3.5% | | Amundi USD Emerging Markets Government Bond hs -UCITS ETF GBP Hedged- Capitalisation | 0.45% | — | — | — | Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.30%** per year - ISA eligible: yes - SIPP eligible: yes ## Top holdings Largest positions (as of 29/09/2026): | Holding | Weight | |---|---| | ARGENTINE 4.125% 09Jul35 | 1.24% | | ARGENTINE 5% 09Jan38 | 0.74% | | REPUBLIC OF E 6.9% 31Jul35 | 0.73% | | ARGENTINE 0.75% 09Jul30 | 0.72% | | ARGENTINE 3.5% 09Jul41 | 0.61% | | EAGLE FUNDING 5.5% 17Aug30 | 0.60% | | GHANA GOVERNM 5% 03Jul35 | 0.54% | | URUGUAY 5.1% 18Jun50 | 0.48% | | FEDERATIVE RE 6.625% 15Mar35 | 0.41% | | DOMINICAN REP 4.875% 23Sep32 | 0.40% | ## 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 Amundi, as of 29/09/2026. | Sector | Weight | |---|---| | Government | 89.0% | | Energy | 5.5% | | Financials | 2.4% | | Materials | 1.8% | | Utilities | 0.8% | | Industrials | 0.3% | | Consumer Discretionary | 0.1% | ### By country As published by Amundi, as of 29/09/2026. | Country | Weight | |---|---| | Saudi Arabia | 7.1% | | Mexico | 6.9% | | Turkey | 5.3% | | Indonesia | 4.8% | | Brazil | 4.2% | | Poland | 3.9% | | Philippines | 3.8% | | Dominican Republic | 3.7% | | Other countries | 60.3% | All 588 holdings: https://fundology.uk/fund/lemb/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.