SPDR® Bloomberg Emerging Markets Local Bond UCITS ETF (Dist) CHF

Description

SPDR® Bloomberg Emerging Markets Local Bond UCITS ETF (Dist) CHF is a bonds ETF from SPDR tracking the Bloomberg Emerging Markets Local Bond index through physical replication. Domiciled in Ireland and launched in 2011, the fund manages about 1.4 bn € and charges a TER of 0.55% — 55 € per year on a €10,000 investment. Income is paid out to investors periodically (distributing).

The fund in context

SPDR® Bloomberg Emerging Markets Local Bond UCITS ETF (Dist) CHF competes with 2 other products on the same index (Bloomberg Emerging Markets Local Bond): it ranks 1st by fund size and 1st by ongoing cost, with a TER of 0.55% against a group median of 0.55%. It has been listed since 2011, 15 years of track record — the oldest in its comparison group.

On a €10,000 investment the TER costs 55 € a year, and no product in the group costs less.

Replication is physical: the fund holds the underlying securities directly. The ten largest positions account for 4.8% of the portfolio.

Income is distributed periodically: it produces cash flow, but reinvesting it is up to you if the goal is capital growth. The fund is denominated in CHF. That is not the same as currency risk: the exposure comes from the currencies of the underlying holdings, not from the denomination or the trading currency of a given listing.

The fund is domiciled in Ireland, which determines the tax treatment of income received by the fund and the supervisory authority.

Top 10 holdings

Stock exchange listings

Compare with similar ETFs

• SPFD — SPDR® Bloomberg Emerging Markets Local Bond UCITS ETF EUR (Acc) 0.60%
• SPFA — SPDR® Bloomberg Emerging Markets Local Bond UCITS ETF (Acc) CHF 0.55%
• IUSP — iShares J.P. Morgan EM Local Govt Bond UCITS ETF USD (Dist) GBP 0.50%
• IEMB — iShares J.P. Morgan $ EM Bond (Dist) 0.45%

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