Key stats
About iShares J.P. Morgan EM Local Currency Bond
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Inception date
Oct 18, 2011
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
BlackRock Fund Advisors
Distributor
BlackRock Investments LLC
LEMB provides access to the local-currency emerging-market sovereign debt space. LEMB targets investment-grade, fixed-rate, bullet-maturity EM sovereign bonds denominated in local currencies, with remaining maturity of six months or greater. The index further imposes a 15% cap and 4% floor on country exposure to achieve greater diversification. Since LEMB holds debts denominated in local currencies without currency hedges, investors must also consider FX volatilities. This fund may be for those looking for broad and diversified exposure to EM sovereign debt denominated in local currencies. The index is rebalanced on the last weekday of the month. LEMB changed its underlying index from the Bloomberg Barclays Emerging Markets Broad Local Currency Bond Index to the J.P. Morgan GBI-EM Global Diversified 15% Cap 4% Floor Index on 6/1/2017. The change affects the country's membership in the index. LEMB updated its underlying index, the previous floor was 4.5%.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Government
Bonds, Cash & Other100.00%
Government99.17%
Cash0.83%
Miscellaneous−0.00%
Stock breakdown by region
Asia41.87%
Latin America24.14%
Europe23.89%
North America5.76%
Africa4.33%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
LEMB top holdings are Government of Uruguay 9.75% 20-JUL-2033 and Government of the Dominican Republic 10.75% 01-JUN-2036, occupying 1.81% and 1.53% of the portfolio correspondingly.
LEMB last dividends amounted to 0.49 USD. The year before, the issuer paid 0.30 USD in dividends, which shows a 38.92% increase.
LEMB assets under management is 305.22 M USD. It's risen 3.84% over the last month.
LEMB fund flows account for −138.60 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
LEMB shares are issued by BlackRock, Inc. under the brand iShares. The ETF was launched on Oct 18, 2011, and its management style is Passive.
LEMB expense ratio is 0.30% meaning you'd have to pay 0.30% of your investment to help manage the fund.
LEMB follows the J.P. Morgan GBI-EM Global 15 cap 4.5 floor. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
LEMB invests in bonds.
LEMB price has risen by 1.21% over the last month, and its yearly performance shows a 9.16% increase. See more dynamics on LEMB price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 1.57% over the last month, showed a 4.06% increase in three-month performance and has increased by 8.22% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 1.57% over the last month, showed a 4.06% increase in three-month performance and has increased by 8.22% in a year.
LEMB trades at a premium (0.60%) meaning the ETF is trading at a higher price than the calculated NAV.