Diversified access to local-currency emerging-markets bond issuers. The basket has a quality tilt. The case for a passive approach to investing in local-currency-denominated emerging-markets government debt has merit for investors with a long-term horizon, and this State Street exchange-traded fund stands as a solid strategy. The compound benefits of broad diversification and higher average credit quality of the ETF´s portfolio relative to other passive peers are points we value. However, there are cheaper passive options in the category, particularly in traditional index funds, and this partly erodes this fund's competitive edge.
State Street® SPDR® Bloomberg Emerging Markets Local Bond ETF EBND
Morningstar’s Analysis EBND
Will EBND outperform in the future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
The People Pillar is our evaluation of the EBND management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of EBND’s parent organization’s priorities and whether they’re in line with investors’ interests.
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 6.2
|
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
|---|---|---|---|
Secretaria Do Tesouro Nacional 10% | 0.76 | 17M | Government |
Secretaria Do Tesouro Nacional 10% | 0.72 | 16M | Government |
Mexico (United Mexican States) 8.5% | 0.67 | 15M | Government |
South Africa (Republic of) 8.75% | 0.62 | 14M | Government |
Mexico (United Mexican States) 7.75% | 0.61 | 14M | Government |
South Africa (Republic of) 9% | 0.57 | 13M | Government |
Colombia (Republic Of) 13.25% | 0.57 | 13M | Government |
Mexico (United Mexican States) 7.75% | 0.56 | 13M | Government |
Peru (Republic Of) 6.9% | 0.55 | 12M | Government |
South Africa (Republic of) 8.5% | 0.55 | 12M | Government |