State Street SPDR Bloomberg Emerging Markets USD Bond ETF
$24.34−0.27 (−1.10%)
- Expense ratio
- 0.23%
- Fund size
- $312M
- 1Y return
- +3.7%
- Yield · Last 12 months
- 6.22%
- Holdings
- 567
- Volume · 30D
- 0M sh
- NAV per share
- $24.55
- 52W range
The ETF.net EMHC Grade
Score 78 of 100 sits in the A 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.AScore 88Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 47Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 64Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 75Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 68Category rank
Our read on EMHC
AEmerging market debt without the currency roulette. EMHC holds only dollar-denominated bonds, and its index reaches past national governments into state-owned issuers, roughly 500 positions, for 0.23% a year.
The fund seeks to track, before fees and expenses, the price and yield performance of the Bloomberg Emerging Market USD Sovereign and Sovereign Owned Index. It is designed to provide broad exposure to fixed-rate U.S.-dollar-denominated debt issued by emerging-market sovereign and quasi-sovereign issuers.
Why people hold it
- Costs 0.23% a year, below the median expense ratio in its bond peer group.
- Tracks sovereign and sovereign-owned dollar debt, roughly 500 bonds, so state-backed issuers count too, not just national governments.
- Everything in it is dollar-denominated. Local currency moves against the dollar don't flow into the return the way they do in local-debt funds.
- Pays monthly, and has run inside State Street's SPDR bond lineup since 2021.
Worth knowing
- Not one of the heavily traded names in its category. Spreads can run wider than on core bond funds like BND or SPAB, so order type and timing matter more.
- Emerging market government and state-owned credit brings default and political risk that Treasuries don't, and it sits at the riskier end of its bond cohort.
- The mandate is emerging market dollar bonds only. No Treasuries, no US corporates, so it works as a slice beside a core bond holding rather than as one.
EMHC Holdings
- Bonds
- 567
- 8%
- REPUBLIC OF ARGENTINA SR UNSECURED 07/35 VAR
Sectors
- Financials100.0%
Geography
- Indonesia5.07%
- Turkey4.98%
- Brazil4.98%
- Qatar4.83%
- Argentina4.78%
- Mexico4.62%
- United Arab Emirates4.45%
- Chile4.13%
- 62.13%
Developed 1% · Emerging 99%
EMHC Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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.
| Period | EMHC |
|---|---|
| Year to date | +0.3% |
| 1 month | −0.7% |
| 3 months | −1.7% |
| 1 year | +3.7% |
| 3 years | +8.6% |
| 5 years | +1.0% |
| 10 years | — |
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 | EMHC |
|---|---|---|
| 2026 YTD | +0.3% | |
| 2025 | +14.1% | |
| 2024 | +3.5% | |
| 2023 | +10.1% | |
| 2022 | −17.8% | |
| 2021 | +1.7% |
EMHC in the news
ETF.net Research hasn’t filed on EMHC yet — coverage lands here as it’s written.
EMHC Dividends
- 6.22%
- $1.53
- $0.11 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 4, 2026 | $0.11 |
| Aug 3, 2026 | Aug 6, 2026 | $0.12 |
| Jul 1, 2026 | Jul 7, 2026 | $0.12 |
| Jun 1, 2026 | Jun 4, 2026 | $0.12 |
| May 1, 2026 | May 6, 2026 | $0.12 |
| Apr 1, 2026 | Apr 6, 2026 | $0.12 |
| Mar 2, 2026 | Mar 5, 2026 | $0.12 |
| Feb 2, 2026 | Feb 5, 2026 | $0.12 |
| Dec 18, 2025 | Dec 23, 2025 | $0.22 |
| Dec 1, 2025 | Dec 4, 2025 | $0.12 |
| Nov 3, 2025 | Nov 6, 2025 | $0.12 |
| Oct 1, 2025 | Oct 6, 2025 | $0.12 |
EMHC Risk
- 7.3%
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.
- 0.50
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.
- −27.4%
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.
- 1.13
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
EMHC Cost
- The middle half of Emerging Markets Bonds (US Dollar) funds
- Median 0.40%
2 of the 17 Emerging Markets Bonds (US Dollar) funds charge less.