iShares JPMorgan USD Emerging Markets Bond Fund (EMB:$112.29) in 3rd consecutive fall, nears two-month low 18 September 2020


iShares JPMorgan USD Emerging Markets Bond Fund (NYSE:EMB), the 61st largest Exchange Traded Fund by market cap in the United States, slipped further on Friday, sliding an additional 52.0c (0.5%) to trade at $112.29. The ETF decreased 0.2% on Wednesday and 0.4% on Thursday. This brought its 3-day fall to 1.1%, compared with the Morgan Stanley Capital International USA Index [MSCI USA] which fell 221.4 points (2.36%) in the three days for a relative price increase of 1.2%. The fall was exacerbated by a cumulative 3-day volume of 1.4 times the average 3-day volume of 2.9 million units. The ETF is now approaching its 50-day low of $112.08. Its MCap is $16.7 billion.

NET ASSET VALUE release date 17 September, 2020

The Net Asset Value (NAV) of the ETF is $113.01 and it last traded at a discount of 0.636% to NAV.

EMBToday1 Day agoWeek agoMonth ago
Price, USD112.29113.28113.25113.35
NAV, USD113.01113.06
MSCI USA9,174.339,267.299,204.369,344.22

THE PAST WEEK [Price down 0.5% to $112.81]

In the past week the ETF rose on 2 days, fell on 2 days and was untraded on 1 day.

DAYHeadlineClose price [USD]Price Change %Comment
Sep 17(EMB:$112.81) falls for a second consecutive day, a two-day fall of 0.7%112.81-0.41Steepest Fall
Sep 16(EMB:$113.28) decreases on a firm volume113.28-0.24
Sep 15(EMB:$113.55) increases113.550.17Top Rise
Sep 14(EMB:$113.36) rises for a second consecutive day, a two-day rise of 0.1%113.360.1




Downtrend: The ETF dropped on high volatility today.

+ The price decreased 0.8% in the last week. The fall has been exacerbated by a firm volume of 1.2 times average for the week.

+ Compared with the Morgan Stanley Capital International World Index [MSCI World] which fell 0.01% for the week, this represented a relative price decrease of 0.5% for the week.

+ The ETF's relative price strength percentile is falling at 57 for 6 months, 51 for 3 months and 39 for 1 month.



2.1 Technicals:

+ The 2.4% discount to 12-month high of $115.10 against the 34.4% premium to 12-month low of $83.56 suggests the ETF continues to push for new highs.

+ The present value of USD1,000 (PV1000) invested ten years ago in iShares JPMorgan USD Emerging Markets Bond Fund is $1,618, for a capital gain of $618.

+ 10 years Multiplier in USD = 1.618x

+ Compound Annual Growth Rate (CAGR) in USD = 4.9%

2.2 Oversold/Bullish/Support Signals:

+ At $112.29 the price is below the lower Bollinger band support of $112.31, indicating an upside for it to return to the band.

+ The ETF is oversold according to the Williams % R indicator of -91.2, suggesting the price is close to its 14-day low of $112.08.

2.3 High Performance Indicator:

DescriptionValueRank In Market
Today's Turnover$514.5 millionIn Top 5%



3.1 Technicals:

+ Volume: there were 4,581,800 units worth $514.5 million traded today. In the past week, volume was 1.2 times average and the units were down 0.8%. The fall was exacerbated by a robust volume of 1.6 times the average daily volume of 2.9 million units.

+ The present value of $1,000 (PV1000) invested one year ago in iShares JPMorgan USD Emerging Markets Bond Fund is $1,074, comprising a capital gain of $32 and dividend reinvested of $42. A comparison with Morgan Stanley Capital International World Index [MSCI World] and Morgan Stanley Capital International USA Index [MSCI USA] is shown below:

MSCI World1,0009691,076
MSCI USA9979541,136

3.2 The Worst 3 weeks in the past quarter [Relative Price Change or RPC]

Mon-FriChange %MSCI USA Change %RPC %Vol Ind [1 is avg]
Aug 10-14-0.60.7-1.30.7
Aug 24-28-0.23.3-3.50.9
Sep 07-11-0.1-

3.3 Trailing 3 months

Turnover$16.3 billion
Volume Index (1 is avg)0.8

3.4 Trailing Price Change %

3-Year price change for EMB was 8.2%. Compared with the Morgan Stanley Capital International World Index [MSCI World] which rose 19.1% in the 3 years, the relative price change was -10.9%.

Price Change %QuarterYear3 Years
MSCI World7.27.519.1

3.5 MCap: 5-Year Increase of $12 billion

In the past 5 years Market Capitalization has increased by $12.3 billion (278%) from $4.4 billion to $16.8 billion. Based on a dynamic start date of 5 years ago, there has been no decline in MCap over the last 5 years.

Close PriceMCap ($ B)
1 Year ago$109.2215.1
2 Years ago$96.8513.7
3 Years ago$103.7512
4 Years ago$97.669.1
5 Years ago$87.094.4

3.6 Moving Annual Return of 7.1% in the past year:

Moving Annual Return was 7.1% in the past year. Based on a dynamic start date of 5 years ago, the real rate of return has averaged 10.3%. The Moving Annual Return has been positive in 4 of the last 5 years.

EMBClose ($)Dividends ($)Capital Gain / (Loss) %% YieldAnnual Return %
Sep 18112.
1 Yr ago108.836.1712.66.418.9
2 Yrs ago96.72.8(6.8)2.7(4.1)
3 Yrs ago103.755.226.25.311.6
4 Yrs ago97.665.5411.56.317.8

Close 5 years ago $87.61

3.7 Year-on-Year Comparison (Trailing year - ended 31 Jul)

In the past 5 years, EMB has jumped 29.1% from 87.58 to 113.07, an average annual compound rise of 5.2%.

% Price Change-
Avg Daily Volume1,525,1661,452,972657,880713,117782,001968,226
Turnover Period3 mo3 mo4 mo3 mo2 mo57 d
Price Range83.81 - 115.4393.98 - 109.6598.26 - 105.4392.24 - 102.2284.56 - 98.3181.85 - 90.53

3.8 Beta:

+ Beta: the Beta is 0.6. A Beta lower than 1 suggests this is a low risk, low return ETF with volatility less than that of the market.



4.1 Global Rank out of 5,237 ETFs

The present value of $US1,000 invested a year ago is $US1,074, ranking it 1476 out of 5,237 ETFs. Its 6-month relative strength (or price percentile rank) in USD is 57.

Net Assets (US$)12.4B87Top
Rel Strength 6 Mo (US$)572260Second
PV$1000 (1Year) US$1,0741476Second

4.2 Rank in the Total United States ETF Market [out of 1,664 ETFs]

Rel Strength 6 Mon ($)49855
PV1000-1Year ($)1,074573



DateBrokerageActionCurrent RatingPast Rating
Aug 31,2020Morningstar, Inc.Downgrade4 out of 55 out of 5
Jul 31,2020XTF Inc.Downgrade5.7 out of 105.7 out of 10
Nov 11,2019Ned Davis Research GroupDOWNGRADE--



6.1 Top 100 Institutional Holders of iShares JPMorgan USD Emerging Markets Bond Fund as at June 30, 2020

As at June 30, 2020, 559 Institutions held investments in iShares JPMorgan USD Emerging Markets Bond Fund. Institutions had decreased their holdings to 69.5% of issued capital, down from 70.08% nine months ago. The top 100 institutional shareholders held 63.6% units of iShares JPMorgan USD Emerging Markets Bond Fund. The largest shareholder was Wells Fargo & Co with 7.6% of iShares JPMorgan USD Emerging Markets Bond Fund. The second largest shareholder was UBS Group with 4.2%.

*Note: Minimum Core Shareholding is computed on the basis of SEC filings over the last 12 quarters (3 years). A higher % of shareholding above the minimum core holding may be indicative of a potential positioning by the institution to overweight.

Institution (CIK)ETFsHolding %Value $USDMinimum Core Holding*% Above Min Core Holding*
Wells Fargo & Co (0000072971)10,795,3027.61.2 B6,059,71178
UBS Group (0001610520)5,955,8074.2645.6 M1,914,446211
Betterment (0001633901)4,981,2373.5539.9 M1,839,135171
Blackrock (0001364742)4,811,8763.4521.6 M4,176,14315.2
Citigroup (0000831001)4,059,2582.9440 M685,053493
Morgan Stanley (0000895421)3,565,9812.5386.5 M2,439,91646.2
Royal Bank of Canada (0001000275)3,354,0652.4363.6 M1,376,204144
Manufacturers Life Insurance (0000928047)3,300,9822.3357.8 M537,170515
JP Morgan Chase & Co (0000019617)2,852,9992.0309.3 M96,4492,858
Aozora Bank (0001568541)2,748,0001.9297.9 M928,000196
Wealthfront Advisers (0001763921)2,745,9441.9297.6 M1,698,04362
Municipal Employees Retirement System of Michigan (0001588873)2,702,3151.9292.9 M1,163,331132
Envestnet Asset Management (0001407543)2,461,7051.7266.8 M2,461,7050
LPL Financial (0001403438)2,356,6861.6255.5 M371,603534
Schwab Charles Investment Management (0000884546)2,085,5011.5226.1 M1,094,72691
Adventist Health System Sunbelt Healthcare (0001103139)1,972,0361.4213.8 M409,740381
SEI Investments Co (0000350894)1,785,8601.2193.6 M1,041,52271
Victory Capital Management (0001040188)1,558,7611.1169 M1,558,7610
Bank of Nova Scotia (0000009631)1,425,1041.0154.5 M407,777249
Ameriprise Financial (0000820027)961,4410.68104.2 M910,1585.6
Mirae Asset Global Investments. (0001569395)932,6840.65101.1 M79,6861,070
Bank of America (0000070858)928,6520.65100.7 M928,6520
PNC Financial Services Group (0000713676)732,8560.5179.4 M340,048116
BCJ Capital Management (0001768195)707,8360.576.7 M67,295952
Neuberger Berman Group (0001465109)700,4980.4975.9 M289,127142
State of Wisconsin Investment Board (0000854157)659,1660.4671.5 M52,7721,149
Morningstar Investment Services (0001478215)645,1560.4569.9 M125,535414
Md Financial Management (0001724264)570,3420.461.8 M489,31316.6
Barclays (0000312069)540,5020.3858.6 M10,9844,821
Athanor Capital (0001730574)522,5000.3756.6 M522,5000
Mitsubishi UFJ Asset Management. (0001466546)501,1430.3554.3 M21,5722,223
Savant Capital (0001482880)495,2720.3553.7 M481,7152.8
Nextcapital Advisers (0001616454)493,6710.3553.5 M34,5361,329
Mather Group (0001527641)485,6720.3452.6 M349,99638.8
Sumitomo Mitsui Trust Holdings (0001475365)473,7020.3351.3 M6,8256,841
Venturi Wealth Management (0001666363)468,4560.3350.8 M4,31710,751
Bank of New York Mellon (0001390777)468,1910.3350.7 M334,10740.1
CIBC Asset Management (0001021926)412,4810.2944.7 M213,31493
TIAA (0001711615)405,8830.2944 M3,15112,781
Thrivent Financial for Lutherans (0000314984)403,0900.2843.7 M31,8881,164
Nationwide Asset Management (0001802257)400,0000.2843.4 M400,0000
Modera Wealth Management (0001542143)393,0400.2842.6 M336,70216.7
HSBC Holdings (0000873630)382,8330.2741.5 M212,99580
AssetMark (0001344551)381,6050.2741.4 M205,03686
CI Investments (0001163648)362,0640.2539.2 M1,56323,065
TD Asset Management (0001056053)356,0000.2538.6 M1,86319,009
Deutsche Bank (0000948046)345,4380.2437.4 M97356,022
BB&T (0000092230)342,2750.2437.1 M2,20915,395
United Capital Financial Advisers (0001463217)327,7650.2335.5 M122,977167
Allianz Asset Management (0001535323)316,5700.2234.3 M71,120345
Meeder Asset Management (0000809443)309,2550.2233.5 M234132,060
Wellington Management Group (0000902219)304,5820.2133 M85,700255
SG Americas Securities (0001313360)297,1050.2132.2 M26,3461,028
Horizon Investments (0001560717)290,2120.231.5 M40,202622
Invesco (0000914208)288,0000.231.2 M4,0007,100
Country Trust Bank (0001209324)280,8840.230.4 M48,396480
UBS Global Asset Management Americas (0000861177)258,8400.1828.1 M190,39635.9
Mainstreet Investment Advisors (0001729854)244,7130.1726.5 M244,7130
PineBridge Investments (0001531721)239,5000.1726 M190,57025.7
Asset Management One Co. (0001068855)237,9950.1725.8 M140,52769
1832 Asset Management (0000944388)231,2680.1625.1 M227,5731.6
Global Financial Private Capital (0001704642)228,0250.1624.7 M5,4384,093
Citadel Advisors (0001423053)225,3460.1624.4 M6,2883,484
PFS Investments (0000354497)225,1920.1624.4 M19,2281,071
Cliftonlarsonallen Wealth Advisors (0000944361)216,9770.1523.5 M153,97040.9
Conservest Capital Advisors (0001705716)206,3430.1422.4 M192,4387.2
Employees Retirement System of Texas (0001398739)200,0000.1421.7 M100,000100
United Services Automobile Association (0001021249)198,3760.1421.5 M102,16794
Banco Santander (0000891478)194,9430.1421.1 M2,6697,204
Trustmark National Bank Trust Department (0000861176)192,7090.1420.9 M173,28611.2
Hilton Capital Management (0001541211)185,4130.1320.1 M43542,524
U.S. Bancorp (DE) (0000036104)177,7870.1219.3 M177,7870
Northern Trust (0000073124)176,6340.1219.1 M5,2743,249
Goldman Sachs Group (0000886982)175,8130.1219.1 M136,37628.9
BNP Paribas Arbitrage (0001166588)175,4320.1219 M43,360305
Stairway Partners (0001454138)173,5380.1218.8 M166,4344.3
Fukoku Mutual Life Insurance Company (0001033324)170,0000.1218.4 M85,000100
Fort Washington Investment Advisors (0001009016)165,0460.1217.9 M2,0997,763
Caxton Associates (0000872573)154,9600.1116.8 M89,20074
Indexiq Advisors (0001415996)146,8540.115.9 M121,39721.0
AMP Capital Investors (0001535782)142,8080.115.5 M142,8080
Credit Suisse (0000824468)142,0390.115.4 M109,32629.9
Northcoast Asset Management (0001456227)133,8470.0914.5 M20,079567
Strategic Investment Advisors (0001760540)133,5350.0914.5 M58,041130
FDX Advisors (0001566601)130,5000.0914.1 M6,0172,069
Keybank National Association (0001089877)128,1830.0913.9 M128,1830
American Financial Advisors (0001767898)121,6210.0913.2 M85,80041.7
Coastal Capital Group (0001765054)121,0390.0813.1 M21,813455
Duality Advisers (0001741024)120,9940.0813.1 M120,9940
BLB & B Advisors (0001389059)118,2100.0812.8 M31,409276
Prudent Investors Network (0001766005)117,7310.0812.8 M99,00218.9
Raymond James Financial Services Advisors (0001462284)117,3240.0812.7 M96,81721.2
Man Group (0001637460)114,3860.0812.4 M7,0951,512
Ionic Capital Management (0001386462)114,1520.0812.4 M114,1520
Marathon Asset Management (0001279913)113,1720.0812.3 M113,1720
Versant Capital Management (0001735057)112,0410.0812.1 M112,0410
Raymond James (0001084208)110,5050.0812 M53,473107
Probity Advisors (0001676603)108,8870.0811.8 M63,50071
Pictet Asset Management (0001291274)107,0000.0811.6 M20,000435
Banque Cantonale Vaudoise (0001793755)106,1900.0711.5 M87,69021.1
Held by Top 10090,622,10963.589.8 billion - -

6.2 Major Increases in Top 100 institutional shareholders June 30, 2020 vs March 31, 2020

Adventist Health System Sunbelt Healthcare increased their shareholding in iShares JPMorgan USD Emerging Markets Bond Fund by 1.6 million units worth USD 161.8 million. Municipal Employees Retirement System of Michigan increased their shareholding by 1.5 million units worth USD 159.4 million.

Institution (CIK)Increase in ETFsIncrease Value, $USD
Adventist Health System Sunbelt Healthcare (0001103139)1,562,296161.8 M
Municipal Employees Retirement System of Michigan (0001588873)1,538,984159.4 M
Betterment (0001633901)1,303,772135 M
UBS Group (0001610520)1,238,980128.3 M
Bank of Nova Scotia (0000009631)1,017,327105.4 M
Schwab Charles Investment Management (0000884546)990,775102.6 M
Citigroup (0000831001)976,577101.1 M
Morgan Stanley (0000895421)804,72883.3 M
Wells Fargo & Co (0000072971)728,07475.4 M
Blackrock (0001364742)392,63040.7 M
Thrivent Financial for Lutherans (0000314984)260,00026.9 M
SEI Investments Co (0000350894)216,60722.4 M
AssetMark (0001344551)176,56918.3 M
State of Wisconsin Investment Board (0000854157)127,70013.2 M
Sumitomo Mitsui Trust Holdings (0001475365)122,24612.7 M
TIAA (0001711615)99,78810.3 M
Wealthfront Advisers (0001763921)88,6729.2 M
PFS Investments (0000354497)81,9238.5 M
Morningstar Investment Services (0001478215)78,6448.1 M
Wellington Management Group (0000902219)73,4227.6 M
Nextcapital Advisers (0001616454)73,1347.6 M
UBS Global Asset Management Americas (0000861177)68,4447.1 M
United Capital Financial Advisers (0001463217)67,2457 M
HSBC Holdings (0000873630)41,6304.3 M
Goldman Sachs Group (0000886982)39,4374.1 M
Mather Group (0001527641)34,3333.6 M
Bank of New York Mellon (0001390777)27,3822.8 M
Global Financial Private Capital (0001704642)26,6992.8 M
Indexiq Advisors (0001415996)25,4572.6 M
Strategic Investment Advisors (0001760540)18,7941.9 M
Prudent Investors Network (0001766005)18,7291.9 M
Banque Cantonale Vaudoise (0001793755)18,5001.9 M
Trustmark National Bank Trust Department (0000861176)16,1111.7 M
Modera Wealth Management (0001542143)15,8481.6 M
Probity Advisors (0001676603)13,3671.4 M
SG Americas Securities (0001313360)7,983826,803
Savant Capital (0001482880)5,406559,902
BLB & B Advisors (0001389059)4,898507,288
American Financial Advisors (0001767898)3,176328,940
Stairway Partners (0001454138)2,094216,876
Banco Santander (0000891478)1,953202,273
Coastal Capital Group (0001765054)72474,985
1832 Asset Management (0000944388)33734,903

6.3 Major Decreases in Top 100 institutional shareholders June 30, 2020 vs March 31, 2020

JP Morgan Chase & Co reduced their shareholding in iShares JPMorgan USD Emerging Markets Bond Fund by 2.3 million units worth USD 241.5 million. Royal Bank of Canada reduced their shareholding by 1.2 million units worth USD 120.3 million.

Institution (CIK)Decrease in ETFsDecrease Value, $USD
JP Morgan Chase & Co (0000019617)2,332,148(241.5 M)
Royal Bank of Canada (0001000275)1,161,653(120.3 M)
Aozora Bank (0001568541)890,000(92.2 M)
Mirae Asset Global Investments. (0001569395)727,584(75.4 M)
Credit Suisse (0000824468)494,962(51.3 M)
United Services Automobile Association (0001021249)423,965(43.9 M)
Bank of America (0000070858)382,099(39.6 M)
Manufacturers Life Insurance (0000928047)322,224(33.4 M)
Ameriprise Financial (0000820027)188,507(19.5 M)
Marathon Asset Management (0001279913)135,700(14.1 M)
Northcoast Asset Management (0001456227)129,689(13.4 M)
Pictet Asset Management (0001291274)102,100(10.6 M)
Neuberger Berman Group (0001465109)94,286(9.8 M)
CIBC Asset Management (0001021926)88,247(9.1 M)
Md Financial Management (0001724264)86,602(9 M)
Raymond James Financial Services Advisors (0001462284)69,809(7.2 M)
Raymond James (0001084208)57,109(5.9 M)
Deutsche Bank (0000948046)45,485(4.7 M)
U.S. Bancorp (DE) (0000036104)43,628(4.5 M)
LPL Financial (0001403438)38,212(4 M)
PNC Financial Services Group (0000713676)32,780(3.4 M)
BB&T (0000092230)17,274(1.8 M)
Ionic Capital Management (0001386462)15,800(1.6 M)
Keybank National Association (0001089877)10,883(1.1 M)
Versant Capital Management (0001735057)6,130(634,887)
Conservest Capital Advisors (0001705716)5,364(555,552)
Asset Management One Co. (0001068855)1,363(141,166)

6.4 New Entrants in Top 100 institutional shareholders as at June 30, 2020

Institution (CIK)ETFsValue, $USD
Victory Capital Management (0001040188)1,558,761169 M
BCJ Capital Management (0001768195)707,83676.7 M
Barclays (0000312069)540,50258.6 M
Athanor Capital (0001730574)522,50056.6 M
Mitsubishi UFJ Asset Management. (0001466546)501,14354.3 M
Venturi Wealth Management (0001666363)468,45650.8 M
Nationwide Asset Management (0001802257)400,00043.4 M
CI Investments (0001163648)362,06439.2 M
TD Asset Management (0001056053)356,00038.6 M
Allianz Asset Management (0001535323)316,57034.3 M
Meeder Asset Management (0000809443)309,25533.5 M
Horizon Investments (0001560717)290,21231.5 M
Mainstreet Investment Advisors (0001729854)244,71326.5 M
PineBridge Investments (0001531721)239,50026 M
Citadel Advisors (0001423053)225,34624.4 M
Cliftonlarsonallen Wealth Advisors (0000944361)216,97723.5 M
Hilton Capital Management (0001541211)185,41320.1 M
Northern Trust (0000073124)176,63419.1 M
BNP Paribas Arbitrage (0001166588)175,43219 M
Caxton Associates (0000872573)154,96016.8 M
AMP Capital Investors (0001535782)142,80815.5 M
FDX Advisors (0001566601)130,50014.1 M
Duality Advisers (0001741024)120,99413.1 M
Man Group (0001637460)114,38612.4 M

6.5 Drop Outs from Top 100 institutional shareholders as at June 30, 2020

Institution (CIK)ETFsValue, $USD
Capital Planning Advisors, LLC (0001631941)104,57011.3 M
Highland Private Wealth Management (0001664772)104,40711.3 M
Etrade Capital Management LLC (0001512581)101,99711.1 M
Equitable Holdings, Inc. (0001333986)101,44611 M
Abundance Wealth Counselors (0001767080)92,60410 M
AllianceBernstein (0001109448)87,3689.5 M
Sage Financial Group Inc. (0000882119)86,6649.4 M
Baker Avenue Asset Management, LP (0001432529)86,5589.4 M
Bernicke & Associates, Ltd (0001569863)85,6819.3 M
Quattro Financial Advisors LLC (0001705929)85,4859.3 M
Sumitomo Mitsui Asset Management Company, Ltd (0001411530)83,2129 M
Cambridge Investment Research Advisors, Inc. (0001419186)81,3338.8 M
Capital Analysts, LLC (0001624758)70,5387.6 M
Boyer & Corporon Wealth Management, LLC (0001542165)69,4187.5 M
CLS Investments, LLC (0001360533)65,6547.1 M
Financial Enhancement Group LLC (0001641438)52,9385.7 M
Dimension Capital Management Partners (0001041773)30,8883.3 M
Summit Securities Group, LLC (0001531593)27,3003 M
CWM, LLC (0001535847)6,701726,354



7.1 Description

iShares JPMorgan USD Emerging Markets Bond Fund (the Fund) seeks investment results that correspond generally to the price and yield performance of the JPMorgan EMBI Global Core Index (the Index). The Index is a broad, diverse United States dollar-denominated emerging markets debt benchmark, which tracks the total return of actively traded external debt instruments in emerging market countries. The Index includes both fixed and floating-rate instruments issued by sovereign and quasi-sovereign entities from index-eligible countries. The Index in market value weighted and is rebalanced monthly on the last business day of the month. The Fund invests in a representative sample of the securities included in the Index that collectively has an investment profile similar to the Index. The Fund's investment advisor is Barclays Global Fund Advisors.


iShares JPMorgan USD Emerging Markets Bond Fund (NYSE:EMB)

ISIN: US4642882819

Inception DateDecember 17, 2007
Expense Ratio0.4% of average net assets
CategoryWorldwide Bond
Fund Family NameiShares
Index TrackedJPMorgan EMBI Global Core Index
Asset ClassBond

7.3 Contact Details

Physical Address 45 Fremont Street San Francisco, CA 94105 UNITED STATES
Phone (617) 937-5525

7.4 EMB ETF Summary

Sep 18 close$112.29
Sep 17 NAV$113.01
Ave Daily Volume2,871,952 units
52-Week Range83.56 - 115.10
Dividend Yield3.8%
Units Outstanding148,500,000
No. Held by Institutions98,964,226
% of units outstanding69.5%
Market Cap$16.7 billion

7.5 Fund Managers and Management Fees

+ The managers of the ETF are Teresa Kong and Lee Sterne. The management fee is 0.6% of total assets



Dividend Date:August 03, 2020
Dividend Yield:3.8%
Annual Dividend:$4.26



9.1 Top Holdings (July 08, 2020)

HoldingsWeight (%)
State of Kuwait 3.5%0.9
Russian Federation 5.25%0.9
Uruguay Republic of) 5.1%0.9
State of Qatar 4.82%0.7
The Republic of Peru 5.63%0.7
State of Qatar 5.1%0.7
Petronas Capital Limited 4.55%0.6
Republic of Colombia 5%0.6
The Republic of Peru 8.75%0.6
Uruguay Republic of) 4.97%0.6

9.2 Asset Allocation (June 30, 2020)

Asset Class%
Non-U.S. Bonds99.1

9.3 Country Breakdown (June 30, 2020)

Country %
Saudi Arabia4.7
Saudi Arabia4.6
United Arab Emirates3.8
United Arab Emirates3.5
South Africa2.7
Dominican Republic2.6


CIK: 1100663

CUSIP: 464288281