TEMD vs XEMD

TEMDCTempleton Emerging Markets Debt ETF

XEMDABondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF

In short

TEMD Franklin Templeton's 2026 entry into emerging market bonds: at least 80% of net assets in EM debt, held in a focused book of roughly 80 positions. A specialist corner of the bond market in standard ETF plumbing.

XEMD J.P. Morgan's flagship emerging-markets dollar-bond index with the long end trimmed off: sovereign and quasi-sovereign debt maturing inside 10 years, priced in US dollars, for 0.29% a year.

Stated mandate

TEMD The Fund invests at least 80% of its net assets in emerging market debt securities under normal market conditions.

XEMD The Fund seeks to track an index of U.S.-dollar-denominated emerging-market bonds with an average life below 10 years.

Why people hold it

• TEMD The mandate is written down, not implied: at least 80% of net assets in emerging market debt securities under normal conditions. You know which corner of the bond market you are standing in.
• Roughly 80 positions, not thousands. Concentrated enough that individual sovereign and corporate credit calls actually move the fund, rather than getting averaged away.
• Ordinary 1940 Act ETF structure from a large global bond house: 1099 tax reporting, no K-1, daily creations and redemptions.

• XEMD Costs 0.29% a year, below the median fee among the emerging-markets funds we grade, and it pays monthly.
• Tracks the 1-10 year slice of the EMBI Global Diversified family, leaving out the 20- and 30-year paper that drives the biggest rate swings.jpmorgan.com
• The index caps each country at 10% and admits only bonds with at least $1 billion outstanding, so no single borrower dominates and thin issues are screened out.jpmorgan.com
• Every bond is dollar-denominated, so local-currency moves stay out of returns. It grades in the top quartile of its emerging-markets peer group.

Worth knowing

• TEMD It charges 0.45% a year, above the typical fund in its broad bond cohort. The index heavyweights there, BND and SPAB, run at 0.03%. Specialist EM credit work is what the gap buys.
• Launched in 2026 and thinly traded, so the record is short and bid-ask spreads can run wider than in a mega bond fund. Trading costs are part of the total bill.
• Payouts arrive on an irregular schedule, so there is no fixed monthly or quarterly rhythm to plan around.

• XEMD This is emerging-market government and quasi-government credit: default and spread risk stay on the table, even without currency risk.jpmorgan.com
• Stopping near 10 years cuts rate sensitivity, but it also means no exposure to the long-dated EM bonds some allocations lean on.jpmorgan.com
• Launched in 2022, moderately traded, and holding roughly 200 bonds: younger and narrower than the category's long-running giants.

Full TEMD profile⁠

Full XEMD profile⁠