LEMB

iShares J.P. Morgan EM Local Currency Bond ETF
C

88
  • Overview
  • Efficiency
  • Tradability
  • Fit

LEMB Fund Description

The iShares J.P. Morgan EM Local Currency Bond ETF ETF tracks a market-value weighted index of sovereign debt denominated in issuers' local currencies, with limits on country exposure.

LEMB Factset Analytics Insight

LEMB charges a relatively high fee to access 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 13 months or greater. The index further imposes a 15% cap and 4.5% floor on country exposure in order to achieve greater diversification. Since LEMB holds debts denominated in local currencies without currency hedges, investors must also consider FX volatilities. LEMB is a solid option for those looking for a broad and diversified exposure to EM sovereign debt denominated in local currencies. Secondary liquidity is decent, if not great, for retail traders, who will find plenty of daily volume but with significant trading spreads. Liquidity providers are likely to charge a premium for executing block trades in order to offset the high cost of hedging the underlying portfolio, which is primarily traded outside of the US and denominated in various foreign currencies.
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 4.5% Floor Index on 6/1/2017. The change affects country membership in the index.

LEMB MSCI ESG Analytics Insight

The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of February 15, 2018 the iShares J.P. Morgan EM Local Currency Bond ETF MSCI ESG Fund Quality Score is 4.83 out of 10.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. LEMB ranks in the 79th percentile within its peer group and in the 27th percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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LEMB Top 10 Countries View All

LEMB Top 10 Sectors

LEMB Top 10 Holdings View All

LEMB Summary Data

BlackRock
iShares
10/18/11
Open-Ended Fund
0.50%
$367.82M
$3.88M
0.09%

LEMB Portfolio Data

4.70
6.62Years
4.89%
03/01/18
192

LEMB Index Data

Market Value
Market Value
Barclays EM Local Currency Government Index

Related ETFs to LEMB

EMB, EMLC, VWOB, EBND, IGEM
Total Return
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max

LEMB Portfolio Management

0.50%
-0.75%
-0.13%
-0.93%

LEMB Tax Exposures

20.00% / 39.60%
--
Ordinary income
No

LEMB Fund Structure

Open-Ended Fund
No
No
80% / 20%
N/A
N/A
Low
Daily
Bats Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

LEMB Factset Analytics Block Liquidity

As of 02/16/18
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of LEMB. LEMB is rated a 3 out of 5.

LEMB Tradability

78,358
$3.88M
54,944
$2.75M
0.09%
$0.05
0.19%
1.19% / -0.52%
None
28.69%
200,000
0.27
0.02%
--
13
$50.13
3

LEMB Top 5 Countries

28.16% 18.60%
14.27% 14.42%
7.41% 6.24%
0.00% 5.16%
3.59% 4.55%

LEMB Top 5 Currencies

28.16% 18.60%
14.27% 14.42%
0.00% 8.18%
7.41% 6.24%
3.59% 4.55%
68.84% 69.95%
31.16% 27.03%

LEMB Performance Statistics

0.97
1.00
--
--
--

LEMB MSCI ESG Ratings

4.83 / 10
79.07
27.03
--
--
--

LEMB Holdings Statistics

LEMB Maturity Distribution

2.16% 17.77%
27.47% 20.60%
19.12% 10.95%
12.23% 11.42%
14.66% 14.87%
24.36% 21.38%

LEMB Credit Breakdown

0.00% 0.00%
19.93% 18.52%
26.48% 26.74%
24.00% 27.39%
16.87% 17.22%
0.00% 0.00%
0.00% 0.00%
0.00% 0.00%
0.00% 0.00%