Highlights

  • EMHY targets US dollar high Yield Debt from emerging market governments and companies.
  • The published expense ratio is 0.50%.
  • The fund's distribution frequency is monthly.

iShares J.P. Morgan EM High Yield Bond ETF (Cboe BZX:EMHY) seeks exposure to US dollar high yield debt from emerging market governments and companies. With net asset value of USD 38.64 per share as of 30 October 2026, the fund reported net Assets of USD 560,347,481 as of 30 October 2026. Its Investment approach centres on tracking the J.P. Morgan USD Emerging Markets High Yield Bond Index.

Two Types of Borrower Share Credit Risk

Government and corporate obligations bring different repayment considerations into one portfolio. Sovereign debt depends on public finances and policy capacity, while corporate debt depends more directly on Business cash flows and financing access. Both can face pressure when external funding becomes scarce. A high yield classification makes credit deterioration especially relevant, even where the portfolio holds a large number of individual bonds.

Portfolio Composition and Exposure

EMHY reported 679 holdings as of 30 October 2026. This count describes the portfolio at that date and can change as securities enter or leave the fund. It does not indicate that each position carries the same weight.

The published exposure breakdown as of 29 October 2026 included Sovereign at 52.17% and Industrial at 19.97%. These allocations show where a meaningful part of the portfolio's exposure was concentrated. The percentages can change with market values and portfolio adjustments.

Effective duration was 4.65 years as of 29 October 2026, while weighted average Maturity was 8.77 years as of 29 October 2026. Duration indicates sensitivity to Interest Rate changes; maturity describes the timing of principal repayments. These measures address different features of a bond portfolio.

Fees and Distribution Policy

EMHY lists an expense ratio of 0.50%. This is an ongoing fund cost, rather than a charge covering every expense of buying or selling shares. Brokerage charges and the difference between buying and selling prices can add to an investor's transaction costs. Fund shares trade on Cboe BZX at market prices, which may differ from net asset value.

The stated distribution frequency is monthly. That schedule describes the timing framework for payments and does not establish a fixed amount. Distributions depend on the fund's available income and applicable distribution decisions. A cash payment also needs to be considered alongside changes in the value of the investment.

Key Insights

Defaults, restructuring and limited trading Liquidity can affect emerging market high yield debt. Several issuers can weaken together during country stress or a broader contraction in credit availability. EMHY combines sovereign and corporate credit exposure, so the balance between borrower types matters alongside duration and the number of bonds held.