iShares J.P. Morgan USD Emerging Markets Bond ETF
iShares Trust · 1 share class
Fund classification
Classified from what the fund holds · as of 2026 Q2
iShares J.P. Morgan USD Emerging Markets Bond ETF is an emerging-markets bond index ETF that tracks the J.P. Morgan EMBI Global Core Index.
- Asset class
- Bonds
- Region
- Emerging markets
- Management
- Index (passive)
- Fund type
- ETF
- Credit quality
- Mixed credit
- Rate sensitivity
- Intermediate duration
- Features
- Master-feeder
Fund profile
As filed in the prospectus · 2026 Q1
The iShares J.P. Morgan USD Emerging Markets Bond ETF (the Fund ) seeks to track the investment results of an index composed of U.S. dollar-denominated, emerging market bonds.
The fund tracks the J.P. Morgan EMBI Global Core Index, a market-value-weighted benchmark of U.S. dollar-denominated emerging market bonds issued by sovereign and quasi-sovereign entities, using representative sampling to hold a subset of index securities with similar investment characteristics. The fund invests at least 80% of assets in index components and may use up to 10% in derivatives and non-index fixed income securities to track the index. Because the fund samples rather than holds all index constituents, its returns may diverge from the index.
| Share class | Expense ratio |
|---|---|
| EMB | 0.39% |
Portfolio turnover 15.00% · as of 2026 Q1
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Bonds | 98.00% |
| Cash & short-term | 0.90% |
Latest quarter
What changed since the fund's previous filing
Largest new: UKRAINE GOVERNMENT, REPUBLIC OF ECUADOR ×2, FED REPUBLIC OF BRAZIL, ROMANIA, REPUBLIC OF ANGOLA, KINGDOM OF BAHRAIN, REPUBLIC OF KENYA
Largest exited: UKRAINE GOVERNMENT, Oman Government International Bonds, REPUBLIC OF ECUADOR, Turkiye Government International Bonds, Republic of Kenya Government International Bonds, KSA SUKUK LTD, Panama Government International Bonds, Paraguay Government International Bonds
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-04-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 93.3% |
| Floating rate | 6.4% |
| Zero-coupon or unclassified | 0.3% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 0.2% |
| 1-3y | 13.1% |
| 3-5y | 17.4% |
| 5-10y | 32.6% |
| 10y+ | 36.7% |
These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
More of this fund’s sensitivity sits in credit spreads than in interest rates — a rate rally that comes with a credit selloff works against it.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Credit spreads | 53% |
| Interest rates | 47% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| Investment grade | +3.85 yr |
| High yield | +2.85 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.01 yr | 0% |
| 1 yr | 0.28 yr | 5% |
| 5 yr | 2.26 yr | 37% |
| 10 yr | 1.84 yr | 30% |
| 30 yr | 1.67 yr | 28% |
| 3 mo | 0.00 yr | 0% |
| 1 yr | 0.17 yr | 3% |
| 5 yr | 2.01 yr | 30% |
| 10 yr | 1.55 yr | 23% |
| 30 yr | 2.96 yr | 44% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.01 | +0.00 | +0.00 | $15 | $0 |
| 1 yr | +0.28 | +0.09 | +0.08 | $132.1k | $117.8k |
| 5 yr | +2.26 | +1.00 | +1.01 | $1.45m | $1.47m |
| 10 yr | +1.84 | +0.84 | +0.72 | $1.21m | $1.04m |
| 30 yr | +1.67 | +1.92 | +1.04 | $2.79m | $1.51m |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Value | Shares |
|---|---|---|---|---|
| — | Argentina Republic Government International Bonds4.13% floating · due 2035-07-09 | 1.10% | $159.56M | — |
| — | BLACKROCK CASH FUNDS TREASURY SL AGENCY SHARES | 0.90% | $129.83M | — |
| — | Ecuador Government International Bonds6.90% · due 2035-07-31 | 0.77% | $111.88M | — |
| — | Argentina Republic Government International Bonds0.75% floating · due 2030-07-09 | 0.71% | $103.57M | — |
| — | Argentina Republic Government International Bonds5.00% · due 2038-01-09 | 0.63% | $91.46M | — |
| — | Ghana Government International Bonds5.00% floating · due 2035-07-03 | 0.52% | $75.96M | — |
| — | Argentina Republic Government International Bonds3.50% floating · due 2041-07-09 | 0.52% | $74.89M | — |
| — | Uruguay Government International Bonds5.10% · due 2050-06-18 | 0.51% | $73.89M | — |
| — | EAGLE FUNDING LUXCO SARL5.50% · due 2030-08-17 | 0.50% | $72.57M | — |
| — | Oman Government International Bonds6.75% · due 2048-01-17 | 0.42% | $60.88M | — |
Top 10 positions are 6.58% of net assets, top 25 11.69%, across 151 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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