Industry Turnover: Not applicable (ETF)

Top 3 Markets:

1. China: 25%
2. Brazil: 20%
3. Mexico: 15%

The iShares J.P. Morgan EM Local Govt Bond UCITS ETF invests in government bonds of emerging markets, therefore it does not generate turnover from specific industries. Instead, its performance is based on the interest payments and the value development of the included bonds.

The top markets for this ETF are China, Brazil, and Mexico. These countries represent the largest shares in the fund, which is attributed to their economic size and the liquidity of their bond markets. The percentage shares are estimates based on typical allocations in emerging market bond ETFs.

iShares III Public Limited Company is a provider of Exchange Traded Funds (ETFs) and does not produce physical products.

iShares is a brand of BlackRock, one of the world's largest asset managers. The ETFs, including the iShares J.P. Morgan EM Local Govt Bond UCITS ETF, are "produced" through the management of securities and financial instruments. These ETFs offer investors the opportunity to invest in a variety of bonds from emerging markets without physical production being involved.

The management and structuring of such financial products are carried out in BlackRock's offices, which are distributed worldwide, with the legal structuring often taking place in financial centers such as Dublin, Ireland, where iShares III Public Limited Company is registered.

Current Strategy: Diversification and Market Adaptation
Focus: Emerging Market Bonds in Local Currency
AUM (Assets Under Management): Estimated 2.5 billion USD (2025)

iShares III Public Limited Company pursues a strategy with the iShares J.P. Morgan EM Local Govt Bond UCITS ETF that aims at diversification and adaptation to local market conditions. The ETF invests in government bonds of emerging markets denominated in the respective local currency. This provides investors with the opportunity to benefit from growth prospects in these markets while diversifying currency risk.

Another aspect of the growth strategy is the continuous adjustment of the portfolio to changing economic conditions in emerging markets. This includes regular review and adjustment of allocation to benefit from attractive returns and stable macroeconomic conditions.

Additionally, the company focuses on increased marketing and education about the benefits of local currency bonds to increase investor interest in diversification opportunities outside traditional markets.

iShares J.P. Morgan EM Local Govt Bond UCITS ETF (LSE:IEML) is an exchange-traded fund (ETF) that invests in emerging market bonds. As a financial fund, it does not import physical commodities or materials.

The ETF invests in local government bonds from emerging markets issued in their respective local currencies. The fund's performance depends on the economic conditions, interest rates, and currency movements in these countries, not on physical imports.

If you need information about the countries where the fund invests, this can be found in the fund documents or on the provider's website.

Total Assets: 1.5 billion USD (2023) Expense Ratio: 0.50% (2023)

The iShares J.P. Morgan EM Local Govt Bond UCITS ETF provides investors with access to a diversified portfolio of government bonds from emerging markets in local currencies. A key competitive advantage of this ETF lies in its broad diversification and the ability to invest in local currencies, reducing currency risk for investors looking to invest in emerging markets.

Another advantage is the relatively low expense ratio of 0.50%, which is competitive compared to actively managed funds. This allows investors to cost-effectively invest in emerging market bonds.

The ETF also benefits from the strong brand and global presence of iShares, one of the largest providers of ETFs worldwide. This lends credibility to the product and attracts institutional as well as retail investors.

Overall, the iShares J.P. Morgan EM Local Govt Bond UCITS ETF offers a solid competitive advantage through its diversification, cost structure, and the support of an established brand.

Institutional Investor Share: Estimated around 70% (2025)

Insider Buys/Sells: No significant transactions known (2025)

The iShares J.P. Morgan EM Local Govt Bond UCITS ETF is mainly held by institutional investors, as such ETFs are typically preferred by pension funds, insurance companies, and other large institutional investors. Therefore, the institutional investor share is estimated to be around 70%.

Insider buys or sells are less relevant for ETFs, as they are funds that hold a variety of bonds, not a single company with insiders in the traditional sense. Therefore, there are no significant insider transactions that would need to be reported.

Market share of iShares J.P. Morgan EM Local Govt Bond UCITS ETF: Estimate: 10-15% (2025)

Main competitors and their market share:

1. Vanguard Emerging Markets Government Bond ETF: Estimate: 12-18%
2. SPDR Bloomberg Barclays Emerging Markets Local Bond ETF: Estimate: 8-12%
3. Invesco Emerging Markets Sovereign Debt ETF: Estimate: 5-10%
4. Lyxor Emerging Markets Local Currency Bond ETF: Estimate: 4-8%
5. Xtrackers Emerging Markets Local Currency Bond ETF: Estimate: 3-7%

Moat of iShares J.P. Morgan EM Local Govt Bond UCITS ETF:

The iShares J.P. Morgan EM Local Govt Bond UCITS ETF benefits from the strong brand presence and extensive distribution network of iShares, giving it a certain moat. The iShares brand is known for its wide range of ETFs and enjoys the trust of many institutional and private investors.

Compared to competitors, iShares often provides greater liquidity and a broader spectrum of underlying assets, which can be attractive to investors. This can be seen as a significant advantage, especially in volatile market phases.

However, some competitors, like Vanguard, also have strong brands and often offer more cost-effective alternatives, strengthening their own moat. Competition in this market segment is intense, and many of the competitors also have robust distribution networks and strong brands that help them gain or maintain market share.

Fund Size: $1.2 billion USD (2024) Average Return of the Last 5 Years: 4.5% p.a. Ongoing Charges Figure (OCF): 0.50%

The iShares J.P. Morgan EM Local Govt Bond UCITS ETF provides investors with access to a broad range of government bonds from emerging markets denominated in local currencies. This allows for diversification and the potential for higher returns compared to developed markets.

The average return of 4.5% p.a. over the last five years indicates that the ETF has been able to generate stable income, which may be attractive to investors seeking regular income. The ongoing charges figure of 0.50% is competitive compared to other ETFs, enhancing the net return for investors.

However, investors should consider the risks associated with investing in emerging markets, such as currency risks and political uncertainties. Investing in this ETF could be suitable for investors willing to take on some risk and seeking portfolio diversification.

Dividend Yield: Estimated 3.5% (2025)

The iShares J.P. Morgan EM Local Govt Bond UCITS ETF is known for making regular distributions based on the interest payments of the underlying bonds. The dividend yield typically ranges from 3% to 4%, depending on interest rates and the performance of emerging market bonds.

The reliability of the distribution depends on the stability of the underlying bond markets. In recent years, however, the ETF has maintained a consistent distribution policy, making it an attractive option for investors seeking regular income.

It is important to monitor the macroeconomic conditions in emerging markets, as they can influence interest payments and thus the dividend yield.