# iShares J.P. Morgan EM Local Govt Bond UCITS ETF (SEML) **Source:** https://fundology.uk/fund/seml · ISIN IE00B5M4WH52 · Data: TradingView (LSE closes and returns, delayed), issuer documents and holdings (iShares), 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 01/10/2026, SEML (iShares J.P. Morgan EM Local Govt Bond UCITS ETF, ISIN IE00B5M4WH52) closed at £33.84 on the London Stock Exchange. Its ongoing charge is 0.50% a year (about £50 on £10,000). Over the five years to 01/10/2026 its total return was +11.8%, or −12.6% after UK CPIH inflation. ## Summary iShares J.P. Morgan EM Local Govt Bond UCITS ETF is an exchange-traded fund (ETF) from iShares, launched in 2011. It tracks the JP Morgan GBI-EM Global Diversified 10% Cap 1% Floor Index. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.5% a year — about £50 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: **£33.84** (01/10/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | SEML | | ISIN | IE00B5M4WH52 | | Category | Government bonds | | Type | ETF | | Provider | iShares | | Tracks | JP Morgan GBI-EM Global Diversified 10% Cap 1% Floor Index | | Income | Distributing | | Ongoing charge | 0.50% a year (£50 per £10,000) | | Fund size | £2.7bn | | Launched | 2011 | | Domicile | Ireland | ## Past returns (periods to 01/10/2026) 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 | +4.52% | +1.24% | income reinvested | | 3 years | +14.50% | +3.32% | income reinvested | | 5 years | +11.82% | -12.58% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Charges compared with similar funds Ongoing charge of iShares J.P. Morgan EM Local Govt Bond UCITS ETF 0.50% a year, as of 02/10/2026: 11 of the 275 other government bond funds charge more, 3 the same and 261 less (share classes counted once). ## Funds tracking the same index 2 funds track JP Morgan GBI-EM Global Diversified 10% Cap 1% Floor Index, this one included and share classes counted once; their ongoing charges range from 0.50% to 0.50% a year (01/10/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | iShares J.P. Morgan EM Local Govt Bond UCITS ETF (this fund) | 0.50% | +4.5% | +14.5% | +11.8% | | iShares J.P. Morgan EM Local Govt Bond UCITS ETF | 0.50% | +5.0% | +16.3% | +13.0% | Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.50%** per year - ISA eligible: yes - SIPP eligible: yes ## What it holds As of 30/09/2026, SEML holds 353 positions, according to the holdings iShares publishes. The largest is Ishares Brazil Ltn $ Govt Bo Usdha 0.00% at 4.33% of the fund; the ten largest make up 13.1%. ### Top holdings Largest positions (as of 30/09/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | Ishares Brazil Ltn $ Govt Bo Usdha 0.00% | — | 4.33% | | 2 | Brazil Federative Republic of (Gov 10.00% 01/01/2031 | — | 1.38% | | 3 | China Peoples Republic of (Governm 1.43% 25/01/2030 | — | 1.08% | | 4 | India (Republic Of) 7.10% 08/04/2034 | — | 1.04% | | 5 | South Africa (Republic Of) 8.75% 28/02/2048 | — | 0.98% | | 6 | China Peoples Republic of (Governm 1.45% 25/04/2030 | — | 0.89% | | 7 | India (Republic Of) 5.77% 03/08/2030 | — | 0.87% | | 8 | India (Republic Of) 7.26% 14/01/2029 | — | 0.86% | | 9 | Mexico (United Mexican States) (Go 7.75% 29/05/2031 | — | 0.86% | | 10 | Mexico (United Mexican States) (Go 8.50% 01/03/2029 | — | 0.85% | Source: iShares, holdings as published, as of 30/09/2026. ## 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 sector As published by iShares, as of 30/09/2026. | Sector | Weight | |---|---| | Treasury | 94.9% | | ETFs | 4.4% | | Cash and derivatives | 0.8% | ### By country As published by iShares, as of 30/09/2026. | Country | Weight | |---|---| | China | 10.0% | | India | 9.9% | | Mexico | 9.7% | | Malaysia | 9.4% | | Indonesia | 9.1% | | Poland | 8.6% | | Thailand | 7.6% | | South Africa | 7.2% | | Other countries | 28.4% | ### By type of asset Added up from the holdings iShares publishes, as of 30/09/2026. | Type of asset | Weight | |---|---| | Bonds | 99.2% | | Cash and money market | 1.2% | All 363 holdings: https://fundology.uk/fund/seml/holdings ## Questions people ask **What is the ongoing charge of SEML?** The ongoing charge of SEML is 0.50% a year — about £50 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 J.P. Morgan EM Local Govt Bond UCITS ETF 0.50% a year, as of 02/10/2026: 11 of the 275 other government bond funds charge more, 3 the same and 261 less (share classes counted once). **What does SEML track?** SEML tracks the JP Morgan GBI-EM Global Diversified 10% Cap 1% Floor Index. **Is SEML accumulating or distributing?** SEML 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 SEML?** The ISIN of SEML is IE00B5M4WH52. An ISIN identifies one exact share class of a fund; SEML is its ticker on the London Stock Exchange. **What does SEML hold?** As of 30/09/2026, SEML holds 353 positions, according to the holdings iShares publishes. The largest is Ishares Brazil Ltn $ Govt Bo Usdha 0.00% at 4.33% of the fund; the ten largest make up 13.1%. Its ten largest holdings are Ishares Brazil Ltn $ Govt Bo Usdha 0.00% (4.33%), Brazil Federative Republic of (Gov 10.00% 01/01/2031 (1.38%), China Peoples Republic of (Governm 1.43% 25/01/2030 (1.08%), India (Republic Of) 7.10% 08/04/2034 (1.04%), South Africa (Republic Of) 8.75% 28/02/2048 (0.98%), China Peoples Republic of (Governm 1.45% 25/04/2030 (0.89%), India (Republic Of) 5.77% 03/08/2030 (0.87%), India (Republic Of) 7.26% 14/01/2029 (0.86%), Mexico (United Mexican States) (Go 7.75% 29/05/2031 (0.86%) and Mexico (United Mexican States) (Go 8.50% 01/03/2029 (0.85%). **How has SEML done after inflation?** Over the five years to 01/10/2026 SEML’s total return was +11.8%, or −12.6% 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.