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SPDR® Bloomberg Emerging Markets Local Bond ETF (EBND)



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Upturn Advisory Summary
10/01/2025: EBND (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type ETF | Historic Profit 5.64% | Avg. Invested days 55 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | ETF Returns Performance ![]() |
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Key Highlights
Volume (30-day avg) - | Beta 1.22 | 52 Weeks Range 18.76 - 21.32 | Updated Date 06/29/2025 |
52 Weeks Range 18.76 - 21.32 | Updated Date 06/29/2025 |
Upturn AI SWOT
SPDR® Bloomberg Emerging Markets Local Bond ETF
ETF Overview
Overview
The SPDRu00ae Bloomberg Emerging Markets Local Bond ETF (EMLC) seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg Emerging Markets Local Currency Government Index. It invests in a diversified portfolio of emerging market government bonds denominated in local currencies, focusing on maximizing total return through both income and capital appreciation.
Reputation and Reliability
State Street Global Advisors (SSGA) is a well-established and reputable ETF provider with a long history of managing various investment products.
Management Expertise
SSGA has a dedicated team of experienced portfolio managers specializing in fixed income and emerging markets investments.
Investment Objective
Goal
The fund seeks to track the investment results of the Bloomberg Emerging Markets Local Currency Government Index.
Investment Approach and Strategy
Strategy: The ETF employs a passive management strategy, aiming to replicate the performance of the Bloomberg Emerging Markets Local Currency Government Index.
Composition The ETF holds a basket of emerging market government bonds denominated in their local currencies.
Market Position
Market Share: EMLC holds a substantial, but not dominant, market share within the emerging markets local currency bond ETF category.
Total Net Assets (AUM): 2416635961.54
Competitors
Key Competitors
- iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB)
- Vanguard FTSE Emerging Markets Government Bond ETF (VWOB)
- VanEck J.P. Morgan EM Local Currency Bond ETF (EMLC)
Competitive Landscape
The emerging market bond ETF landscape is moderately competitive, with a few large players dominating. EMLC's advantage lies in its focus on local currency bonds, offering diversification benefits but exposing it to currency risk. EMB focuses on USD-denominated bonds, mitigating currency risk but reducing diversification. VWOB offers broad emerging market government bond exposure, including both local and USD denominated bonds.
Financial Performance
Historical Performance: Historical performance data needs to be dynamically retrieved from financial data providers.
Benchmark Comparison: Comparison to the Bloomberg Emerging Markets Local Currency Government Index can be dynamically retrieved from financial data providers.
Expense Ratio: 0.5
Liquidity
Average Trading Volume
The average trading volume is moderate, indicating reasonable liquidity for most investors.
Bid-Ask Spread
The bid-ask spread is generally tight, reflecting sufficient liquidity and efficient market pricing.
Market Dynamics
Market Environment Factors
Economic growth in emerging markets, interest rate policies of emerging market central banks, currency fluctuations, and global risk sentiment all impact EMLC.
Growth Trajectory
Growth depends on the overall health of emerging market economies and investor demand for local currency debt. Fluctuations in emerging market interest rates and currency values affect investment strategy and holdings.
Moat and Competitive Advantages
Competitive Edge
EMLC benefits from the well-known SPDR brand and SSGA's established presence in the ETF market. Its focus on local currency emerging market debt provides a differentiated investment strategy, offering potential diversification benefits for investors seeking exposure beyond USD-denominated bonds. The fund tracks a well-known and transparent index, enhancing investor confidence. However, the fund is subject to currency risk which can significantly impact returns.
Risk Analysis
Volatility
Historical volatility data needs to be dynamically retrieved from financial data providers.
Market Risk
Key risks include emerging market political and economic instability, currency fluctuations, interest rate risk, and credit risk associated with emerging market government bonds.
Investor Profile
Ideal Investor Profile
EMLC is suitable for investors seeking income and capital appreciation from emerging market debt, willing to accept currency risk, and seeking diversification beyond developed market or USD-denominated bonds.
Market Risk
This ETF is suitable for long-term investors with a moderate risk tolerance seeking diversification. It is not ideally suited for active traders due to the complexities of emerging market debt.
Summary
The SPDRu00ae Bloomberg Emerging Markets Local Bond ETF offers exposure to emerging market government bonds denominated in local currencies. It tracks the Bloomberg Emerging Markets Local Currency Government Index and is managed by State Street Global Advisors. EMLC is best suited for long-term investors who understand and are willing to accept the risks associated with emerging market debt, including currency risk. Its expense ratio is moderate compared to its peers.
Peer Comparison
Sources and Disclaimers
Data Sources:
- State Street Global Advisors (SSGA)
- Bloomberg
- Morningstar
- ETF.com
Disclaimers:
The data provided is for informational purposes only and should not be considered financial advice. Investment decisions should be made after consulting with a qualified financial advisor. Market data is subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About SPDR® Bloomberg Emerging Markets Local Bond ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website |
The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index and in securities that the Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The index is designed to measure the performance of the fixed-rate local currency sovereign debt of emerging market countries. It is non-diversified.

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