iShares J.P. Morgan EM Local Currency Bond ETF
LEMB
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 50 Hudson Yards New York NY United States of America 10001
- IPO Date
- Oct 20, 2011
- CIK
- 0000930667
- Website
- ishares.com
- Similar Companies
- Business
- iShares J.P. Morgan EM Local Currency Bond ETF (LEMB) seeks to track the investment results of an index composed of local currency-denominated, emerging market sovereign bonds. The ETF, issued by BlackRock under its iShares brand, primarily invests in fixed income securities from issuers in emerging markets such as China, India, Mexico, Malaysia, Indonesia, Thailand, Poland, South Africa, Brazil, and Uruguay; these holdings focus on government bonds with at least 2.5 years to maturity, selected based on rule-based criteria for issue size, bond type, and liquidity. Launched on October 18, 2011, and domiciled in the United States with headquarters aligned to BlackRock's operations in New York, the fund targets institutional and retail investors seeking exposure to broad emerging markets local currency debt, maintaining an expense ratio of 0.30% and total assets under management of approximately $556 million to $604 million as of late 2025. The fund replicates the J.P. Morgan GBI-EM Global Diversified 15% Cap 4.5% Floor Index through a representative sampling technique, providing diversified access to sovereign debt in local currencies across global emerging market countries while imposing concentration limits to mitigate single-country risk. Top holdings include bonds from the China Peoples Republic of (Government) at around 14.9%, India (Republic of) at 9.1%, and Mexico (United Mexican States) (Government) at 5.9%, with geographic operations spanning Asia, Latin America, Europe, and Africa. It offers monthly distributions and emphasizes investment-grade or higher-rated securities (A- or better by S&P/Fitch, A3 or higher by Moody's), catering to portfolios diversified beyond U.S. dollar-denominated emerging market bonds. Recent performance reflects year-to-date total returns of approximately 13.4% to 16.7% as of December 2025, with 1-year returns around 7% amid stabilizing emerging market conditions; however, the fund has navigated volatility, including negative returns in 2021, 2022, and 2024. No major acquisitions, funding rounds, or name changes have occurred for LEMB in the last 1-2 years, though BlackRock continues portfolio manager adjustments, such as additions effective immediately in recent prospectuses, and broader iShares lineup simplifications via unit reclassifications. The ETF maintains its core strategy without shifts to ESG or sustainable investing, focusing on benchmark replication amid ongoing emerging markets local currency bond dynamics.