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EBND
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SPDR® Bloomberg Emerging Markets Local Bond ETF (EBND)

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$21.31
Last Close (24-hour delay)
Profit since last BUY5.6%
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Consider higher Upturn Star rating
BUY since 105 days
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Upturn Advisory Summary

10/01/2025: EBND (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

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 stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
ETF Returns Performance Upturn Returns Performance 2.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 10/01/2025

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

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SPDR® Bloomberg Emerging Markets Local Bond ETF

stock logo

ETF Overview

overview logo 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.

reliability logo 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.

reliability logo Management Expertise

SSGA has a dedicated team of experienced portfolio managers specializing in fixed income and emerging markets investments.

Investment Objective

overview logo 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

overview logo 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.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization 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.