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BREM

GradeCNASDAQ Global Market

iShares Emerging Markets Bond Active ETF

Specialty Bonds · IShares · Inception 2025-10-14 · SEC filings

$49.96−0.31 (−0.62%)

As of Sep 23, 2026, 1:48 PM EDT

History starts Oct 16, 2025.History starts Oct 16, 2025.
Intraday session: down, 5 prints from 50.27 to 49.96. Range 49.88 to 50.27. Use the arrow keys to read each point.$49.90$50.10$50.20$50.3010 AM12 PM2 PM4 PM
Expense ratio
0.50%
Fund size
$35M
1Y return
—
Yield · Last 12 months
Data unavailable
Holdings
154
Volume · 30D
0M sh
NAV per share
$50.16
52W range
low $49.47high $52.15

The ETF.net BREM Grade

C

54/ 100

Rank 11 of 17 in Emerging Markets Bonds (US Dollar)⁠

Confidence High

Six-pillar profile for BREM. Scores out of 100: Cost 28, Risk 62, Mission 88, Tradability 48, Holdings 59, Durability 32. Strongest: Mission (88). Weakest: Cost (28). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 54 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 28
    Category rank11/17 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 88
    Category rank10/14 · mid-pack

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 62
    Category rank3/16 · top 19%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 48
    Category rank11/17 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 59
    Category rank9/17 · mid-pack

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 32
    Category rank14/17 · bottom quartile

Graded as of Sep 22, 2026

Our read on BREM

ETF.net Research

CA bond fund sitting in a peer group stuffed with emerging markets stock trackers. BREM is iShares' active take on EM debt: roughly 150 positions run for total return from income and capital growth, not to match an index.

Stated mandate

The fund seeks to maximize total return through both income and capital growth.

Why people hold it

  1. 01Actively run rather than index-bound: the managers pick across emerging market debt with a stated mandate to maximize total return through income and capital growth.ishares.com
  2. 020.50% a year buys active bond management at essentially the 0.49% median fee of its emerging markets peer group.
  3. 03Roughly 150 bonds spread across the portfolio, so no single borrower carries the whole thing.

Worth knowing

  1. 01Launched in October 2025, so it is early in its life: small asset base, light trading, and less than a full market cycle of history to judge.
  2. 02The fee leaders in its peer group are passive stock funds (VEXC at 0.07%, XCEM at 0.16%). Different exposure entirely, but active bond work carries the higher price tag.
  3. 03Emerging market debt means sovereign, credit and currency swings layered on top of interest rate moves, a different ride than a US bond fund.

BREM Holdings

As of Sep 22, 2026, 5:16 AM
Asset class
Bonds
Holdings
154
Top-10 weight
14%
Largest holding
BLK CSH FND TREASURY SL AGENCY2.1%

Geography

  • United States57.80%
  • Saudi Arabia5.66%
  • Oman3.55%
  • Hungary3.53%
  • Egypt3.43%
  • Romania3.21%
  • Ukraine3.10%
  • Ecuador2.35%
  • Other countries (21)17.36%

Developed 0% · Emerging 100% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 11.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—BLK CSH FND TREASURY SL AGENCY2.11%740,000$740K440
002—INDONESIA (REPUBLIC OF) RegS 5.25% 01/17/20421.59%6,058$556K9
003—ECUADOR REPUBLIC OF (GOVERNMENT) RegS 6.90% 07/31/20351.49%5,900$522K20
004—GACI FIRST INVESTMENT CO MTN RegS 4.75% 02/14/20301.39%5,023$489K13
005—INDONESIA (REPUBLIC OF) 3.85% 10/15/20301.38%5,086$483K18
006—UKRAINE (REPUBLIC OF) A BONDS RegS 4.50% 02/01/20341.37%7,164$478K16
007—PETROLEOS MEXICANOS 6.63% 06/15/20351.25%4,685$436K18
008—TURKEY (REPUBLIC OF) 9.13% 07/13/20301.24%4,061$436K17
009—POLAND (REPUBLIC OF) 5.13% 09/18/20341.18%4,270$413K20
010—MFB MAGYAR FEJLESZTESI BANK ZRT RegS 6.50% 06/29/20281.17%4,056$411K13
011—SOUTH AFRICA (REPUBLIC OF) 5.88% 04/20/20321.17%4,096$411K15
012—PETROLEOS DE VENEZUELA SA RegS 0.00% 05/17/20351.16%8,316$406K4
013—BRAZIL FEDERATIVE REPUBLIC OF (GOV 6.13% 01/22/20321.16%4,038$405K12
014—OMAN SULTANATE OF (GOVERNMENT) RegS 6.50% 03/08/20471.15%4,007$402K9
015—ARGENTINA REPUBLIC OF GOVERNMENT 4.13% 07/09/20351.14%5,377$399K25

Showing 1–15 of 162 holdings

BREM Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

BREM$10,269
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,430
Dec 31, 2025 to Sep 22, 2026. BREM $10,269. SPY $11,430. Use the arrow keys to read each point.$9,119$10,381$11,642Dec 2025May 2026Sep 2026

Dec 31, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for BREM. Periods over one year show the average yearly return.
PeriodBREM
Year to date+2.7%
1 month−0.6%
3 months−1.3%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for BREM
YearReturn barBREM
2026 YTD+2.7%
2025+2.7%

History from Oct 16, 2025

BREM in the news

ETF.net Research hasn’t filed on BREM yet — coverage lands here as it’s written.

BREM Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.24 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 10 payments from 2025 to 2026 YTD. Dec 1, 2025 $0.36; Dec 19, 2025 $0.25; Feb 2, 2026 $0.27; Mar 2, 2026 $0.27; Apr 1, 2026 $0.29; May 1, 2026 $0.28; Jun 1, 2026 $0.29; Jul 1, 2026 $0.26; Aug 3, 2026 $0.24; Sep 1, 2026 $0.24. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Sep 1, 2026Sep 4, 2026$0.24
Aug 3, 2026Aug 6, 2026$0.24
Jul 1, 2026Jul 7, 2026$0.26
Jun 1, 2026Jun 4, 2026$0.29
May 1, 2026May 6, 2026$0.28
Apr 1, 2026Apr 7, 2026$0.29
Mar 2, 2026Mar 5, 2026$0.27
Feb 2, 2026Feb 5, 2026$0.27
Dec 19, 2025Dec 24, 2025$0.25
Dec 1, 2025Dec 4, 2025$0.36

BREM Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Oct 2025; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Oct 2025; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Oct 2025; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.34
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

BREM Cost

Expense ratio0.50%
  • The middle half of Emerging Markets Bonds (US Dollar) funds
  • Median 0.40%

10 of the 17 Emerging Markets Bonds (US Dollar) funds charge less.

BREM costs $50.00 a year on $10,000. The median Emerging Markets Bonds (US Dollar) fund costs $40.00.