# State Street SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF USD (SEMH) **Source:** https://fundology.uk/fund/semh · ISIN IE00BP46NG52 · Data: TradingView (LSE closes and returns, delayed), issuer documents and holdings (SPDR), 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 05/10/2026, SEMH (State Street SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF USD, ISIN IE00BP46NG52) closed at £20.24 on the London Stock Exchange. Its ongoing charge is 0.42% a year (about £42 on £10,000). Over the five years to 05/10/2026 its total return was −1.8%, or −23.2% after UK CPIH inflation. ## Summary SSgA SPDR ETFs EUROPE II PLC - State Street SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF USD is an exchange-traded fund (ETF) from SPDR, launched in 2014. It tracks the ICE BofA EM USD Government Bond x 144a (0-5 Y). You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.42% a year — about £42 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: **£20.24** (05/10/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | SEMH | | ISIN | IE00BP46NG52 | | Category | Government bonds | | Type | ETF | | Provider | SPDR | | Tracks | ICE BofA EM USD Government Bond x 144a (0-5 Y) | | Income | Distributing | | Ongoing charge | 0.42% a year (£42 per £10,000) | | Fund size | £10.5m | | Launched | 2014 | | Domicile | Ireland | ## Past returns (periods to 05/10/2026) 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 | -11.57% | -14.35% | income reinvested | | 3 years | +3.77% | -6.36% | income reinvested | | 5 years | -1.79% | -23.23% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Charges compared with similar funds Ongoing charge of SSgA SPDR ETFs EUROPE II PLC - State Street SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF USD 0.42% a year, as of 03/10/2026: 18 of the 280 other government bond funds charge more, 0 the same and 262 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **0.42%** per year - ISA eligible: yes - SIPP eligible: yes ## What it holds As of 01/10/2026, SEMH holds 157 positions, according to the holdings SPDR publishes. The largest is Republic of Argentina 0.75 07/09/2030 at 1.58% of the fund; the ten largest make up 13.0%. ### Top holdings Largest positions (as of 01/10/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | Republic of Argentina 0.75 07/09/2030 | — | 1.58% | | 2 | Abu Dhabi Govt Int'L 3.125 04/16/2030 | — | 1.52% | | 3 | Republic of Turkiye 9.375 03/14/2029 | — | 1.35% | | 4 | Republic of Philippines 9.5 02/02/2030 | — | 1.31% | | 5 | Ksa Sukuk Ltd 5.25 06/04/2030 | — | 1.28% | | 6 | Fed Republic of Brazil 4.5 05/30/2029 | — | 1.27% | | 7 | Republic of Indonesia 4.35 02/21/2031 | — | 1.22% | | 8 | Hungarian Development Ba 6.5 06/29/2028 | — | 1.19% | | 9 | Kuwait Intl Bond 3.5 03/20/2027 | — | 1.16% | | 10 | Gaci First Investment 5.25 01/29/2030 | — | 1.15% | Source: SPDR, holdings as published, as of 01/10/2026. ## 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 country Added up from the holdings SPDR publishes, as of 01/10/2026. | Country | Weight | |---|---| | South Korea | 10.2% | | Turkey | 8.4% | | Cayman Islands | 6.9% | | Indonesia | 6.2% | | United Arab Emirates | 5.3% | | Hong Kong | 3.3% | | Saudi Arabia | 3.2% | | Egypt | 3.1% | | Other countries | 53.5% | All 157 holdings: https://fundology.uk/fund/semh/holdings ## Questions people ask **What is the ongoing charge of SEMH?** The ongoing charge of SEMH is 0.42% a year — about £42 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 SSgA SPDR ETFs EUROPE II PLC - State Street SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF USD 0.42% a year, as of 03/10/2026: 18 of the 280 other government bond funds charge more, 0 the same and 262 less (share classes counted once). **What does SEMH track?** SEMH tracks the ICE BofA EM USD Government Bond x 144a (0-5 Y). **Is SEMH accumulating or distributing?** SEMH is distributing: income is paid out to holders as cash, usually a few times a year. It pays out semi-annual. **What is the ISIN of SEMH?** The ISIN of SEMH is IE00BP46NG52. An ISIN identifies one exact share class of a fund; SEMH is its ticker on the London Stock Exchange. **What does SEMH hold?** As of 01/10/2026, SEMH holds 157 positions, according to the holdings SPDR publishes. The largest is Republic of Argentina 0.75 07/09/2030 at 1.58% of the fund; the ten largest make up 13.0%. Its ten largest holdings are Republic of Argentina 0.75 07/09/2030 (1.58%), Abu Dhabi Govt Int'L 3.125 04/16/2030 (1.52%), Republic of Turkiye 9.375 03/14/2029 (1.35%), Republic of Philippines 9.5 02/02/2030 (1.31%), Ksa Sukuk Ltd 5.25 06/04/2030 (1.28%), Fed Republic of Brazil 4.5 05/30/2029 (1.27%), Republic of Indonesia 4.35 02/21/2031 (1.22%), Hungarian Development Ba 6.5 06/29/2028 (1.19%), Kuwait Intl Bond 3.5 03/20/2027 (1.16%) and Gaci First Investment 5.25 01/29/2030 (1.15%). **How has SEMH done after inflation?** Over the five years to 05/10/2026 SEMH’s total return was −1.8%, or −23.2% 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.