iShares J.P. Morgan EM Corporate Bond ETF
$44.00−0.02 (−0.05%)
- 0.50%
- $421M
- +1.3%
- 5.37%
- 0.1M sh
- $43.85
- low $43.61high $46.50
The ETF.net CEMB Grade
B
Score 59 out of 100
- 9 of 17
Score 59 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.D28 out of 100Rank 11 of 17Mission
Whether the fund did what it promised, tested against its stated mandate.A74 out of 100Rank 13 of 15Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B66 out of 100Rank 3 of 16Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B58 out of 100Rank 6 of 17Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A99 out of 100Rank 1 of 17Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A83 out of 100Rank 3 of 17
Our read on CEMB
BMost emerging-markets funds buy governments or stocks. CEMB buys the companies: roughly 1,100 dollar-denominated corporate bonds from EM issuers, in an iShares wrapper that has been running since 2012 and pays monthly.
The fund seeks to track the J.P. Morgan CEMBI Broad Diversified Core Index, representing U.S.-dollar-denominated emerging-market corporate bonds.
Why people hold it
- The bonds are issued in U.S. dollars, so local-currency swings aren't part of the package the way they are in most EM funds.
- Roughly 1,100 corporate bonds across emerging-market issuers, so no single borrower carries the portfolio.
- Income lands monthly, and the fund has been running since its 2012 launch, through multiple EM credit cycles.
- Follows a J.P. Morgan CEMBI Broad Diversified Core index rather than a house-built benchmark, so the rulebook belongs to a third party.
Worth knowing
- 0.50% a year. That's about the median for its emerging-markets peer group, but far above broad index equity options like VEXC at 0.07%.
- Dollar bonds remove the currency question, not the credit one. You still hold company default risk plus the country risk standing behind each issuer.
- Mid-size and moderately traded rather than a category giant, so spreads can run wider than on the largest bond ETFs.
CEMB Holdings
- Bonds
- 1,202
- 3%
- Blk Csh Fnd Treasury Sl Agency
Sectors
- Industrial42.6%
- Financial Institutions26.3%
- Agency24.7%
- Utility5.4%
- Supranational0.9%
- Local Authority0.1%
Geography
- Cayman Islands12.11%
- United Kingdom8.46%
- Hong Kong6.47%
- Luxembourg4.65%
- Netherlands4.39%
- Mexico4.35%
- United States4.30%
- Singapore3.90%
- 51.36%
Developed 32% · Emerging 68%
CEMB Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
CEMB$10,128
Returns run to the Oct 12, 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.
| Period | CEMB |
|---|---|
| Year to date | −0.2% |
| 1 month | −1.2% |
| 3 months | −1.8% |
| 1 year | +1.3% |
| 3 years | +7.2% |
| 5 years | +1.8% |
| 10 years | +3.1% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | CEMB |
|---|---|---|
| 2026 YTD | −0.2% | |
| 2025 | +8.9% | |
| 2024 | +5.8% | |
| 2023 | +8.4% | |
| 2022 | −12.6% | |
| 2021 | −0.6% | |
| 2020 | +6.8% |
CEMB in the news
CEMB Dividends
- 5.37%
- $2.36
- $0.20 per share
- Monthly
Distribution history
CEMB Risk
- 4.9%
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.
- 0.44
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.
- −19.2%
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.
- 0.66
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
CEMB Cost
0.50%
CEMB0.50%
- 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.
Other funds in Emerging Markets Bonds (US Dollar)
- BEMBDGlobal X - Emerging Markets Bond ETFExpense ratio 0.39%1 year return +2.2%
- BJPMBJPMorgan USD Emerging Markets Sovereign Bond ETFExpense ratio 0.39%1 year return +0.9%
- BPCYInvesco Emerging Markets Sovereign Debt ETFExpense ratio 0.50%1 year return −0.8%
- CBREMiShares Emerging Markets Bond Active ETFExpense ratio 0.50%1 year return —
- CTEMDTempleton Emerging Markets Debt ETFExpense ratio 0.45%1 year return —