---
ticker: "FEMB"
name: "First Trust Emerging Markets Local Currency Bond ETF"
url: "https://etf.net/etf/FEMB"
grade: "C"
score: 45
graded_at: "2026-10-12"
category: "Emerging Markets Bonds (Local Currency)"
category_rank: "5 of 7"
methodology: "https://etf.net/methodology"
---

# FEMB: First Trust Emerging Markets Local Currency Bond ETF

Grade **C**, Score 45 of 100. Rank 5 of 7 in Emerging Markets Bonds (Local Currency).

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 21 | 6 of 7 |
| Mission | 80 | 4 of 7 |
| Risk | 31 | 6 of 7 |
| Tradability | 48 | 5 of 7 |
| Holdings | 42 | 6 of 7 |
| Durability | 66 | 3 of 7 |

## Top holdings

The fund holds 65 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | THAILAND GOVERNMENT BOND N/C, 3.39%, due 06/17/2037 | 5.19% |
| 2 | — | INDIA GOVERNMENT BOND N/C, 7.18%, due 07/24/2037 | 4.37% |
| 3 | — | MEX BONOS DESARR FIX RT N/C, 7.50%, due 05/26/2033 | 4.23% |
| 4 | — | MALAYSIA GOVERNMENT N/C, 2.632%, due 04/15/2031 | 4.07% |
| 5 | — | INDONESIA GOVERNMENT N/C, 8.375%, due 03/15/2034 | 3.65% |
| 6 | — | BONOS DE TESORERIA N/C, 6.90%, due 08/12/2037 | 3.50% |
| 7 | — | INDONESIA GOVERNMENT N/C, 8.25%, due 05/15/2036 | 3.49% |
| 8 | — | INDONESIA GOVERNMENT N/C, 9%, due 03/15/2029 | 3.45% |
| 9 | — | POLAND GOVERNMENT BOND N/C, 6%, due 10/25/2033 | 3.37% |
| 10 | — | NOTA DO TESOURO NACIONAL N/C, 10%, due 01/01/2035 | 3.26% |
| 11 | — | INDONESIA GOVERNMENT N/C, 7%, due 09/15/2030 | 3.01% |
| 12 | — | TITULOS DE TESORERIA N/C, 7%, due 06/30/2032 | 2.94% |
| 13 | — | REPUBLIC OF SOUTH AFRICA N/C, 8.875%, due 02/28/2035 | 2.82% |
| 14 | — | REPUBLIC OF SOUTH AFRICA N/C, 8.25%, due 03/31/2032 | 2.64% |
| 15 | — | INTL BK RECON & DEVELOP N/C, 6.71%, due 01/21/2035 | 2.58% |
| 16 | — | MEX BONOS DESARR FIX RT N/C, 8.50%, due 11/18/2038 | 2.42% |
| 17 | — | NOTA DO TESOURO NACIONAL N/C, 10%, due 01/01/2029 | 2.39% |
| 18 | — | NOTA DO TESOURO NACIONAL N/C, 10%, due 01/01/2031 | 2.37% |
| 19 | — | NOTA DO TESOURO NACIONAL N/C, 10%, due 01/01/2033 | 2.34% |
| 20 | — | THAILAND GOVERNMENT BOND N/C, 3.35%, due 06/17/2033 | 2.26% |
| 21 | — | POLAND GOVERNMENT BOND N/C, 5.25%, due 04/25/2036 | 2.17% |
| 22 | — | INTER-AMERICAN DEVEL BK N/C, 7.35%, due 10/06/2030 | 2.12% |
| 23 | — | US Dollar | 2.06% |
| 24 | — | BONOS TESORERIA PESOS N/C, 4.70%, due 09/01/2030 | 2.02% |
| 25 | — | REPUBLIC OF SOUTH AFRICA N/C, 8.75%, due 01/31/2044 | 1.99% |
| 26 | — | HUNGARY GOVERNMENT BOND N/C, 7%, due 10/24/2035 | 1.93% |
| 27 | — | MALAYSIA GOVERNMENT N/C, 4.642%, due 11/07/2033 | 1.79% |
| 28 | — | MALAYSIA GOVERNMENT N/C, 4.498%, due 04/15/2030 | 1.68% |
| 29 | — | ROMANIA GOVERNMENT BOND N/C, 6.70%, due 02/25/2032 | 1.66% |
| 30 | — | INDIA GOVERNMENT BOND N/C, 6.10%, due 07/12/2031 | 1.52% |

Source: etf.net, https://etf.net/etf/FEMB. Please cite the page URL.