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Sunday, August 23, 2026The Morning Brief →Sign in
EMTLSPDR

SPDR DoubleLine Emerging Markets Fixed Income ETF

$42.56+0.12% today
424452-WK

Under normal circumstances, the fund will invest at least 80% of its net assets (plus the amount of borrowings for investment purposes) in emerging market fixed income securities. Fixed income securities are defined as fixed income securities issued or guaranteed by foreign corporations or foreign governments; corporate or government bonds; sovereign debt; structured securities; foreign currency transactions; certain derivatives; preferred securities; zero coupon bonds; credit-linked notes; pass through notes; bank loans; and perpetual maturity bonds.

Price & daily flows
43.743.242.742.56DAILY NET FLOWAug 22Dec 9Mar 30Jul 21

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN · NET −$24M OVER THIS RANGE

The desk’s read

Flows are quiet — the past month netted out near zero, while the price has returned -1.7% so far this year. At 0.65% a year it is not the cheapest way in — IJH runs the same ground at 0.05%.

COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH

$42.6Bassets under management
0.65%expense ratio · $65 per $10,000 a year
net flow, trailing month
avg daily volume, 30 days
122holdings · US-domiciled
2016listed April 12, 2016 · beta 0.11
The book at a glance
2.5%2.3%2.3%2.3%2.1%2.1%2.1%2.0%1.9%1.9%1.9%1.9%1.8%1.8%1.6%1.6%1.5%1.5%1.4%1.3%1.3%1.3%1.3%1.3%1.3%1.2%1.2%1.2%1.2%1.2%1.2%1.2%1.1%1.1%1.1%1.1%1.1%1.1%1.1%1.1%

CELL SIZE IS PORTFOLIO WEIGHT · COLOR IS TODAY’S MOVE · TOP 40 POSITIONS

HoldingsDownload CSV
#HoldingWeightPriceDay52-wk
1OVERSEA-CHINESE BANKING 4.602 06/15/20322.52%
2CHILE ELECTRICITY LUX 5.672 10/20/20352.31%
3MISC CAPITAL TWO LABUAN 3.75 04/06/20272.31%
4BANCO INTERNAC DEL PERU (Interbank) 6.397 04/30/20352.27%
5MINSUR SA 4.5 10/28/20312.11%
6CHILE ELECTRICITY LUX 6.01 01/20/20332.07%
7BPRL INTERNATIONAL SINGA 4.375 01/18/20272.07%
8MV24 CAPITAL BV SR SECURED REGS 06/34 6.7481.99%
9Santander Chile 4.55 11/20/20301.92%
10InRetail Consumer 3.25 03/22/20281.87%
11BANCO DE CREDITO DEL PERU RegS1.87%
12GUARA NORTE SARL 5.198 06/15/20341.85%
13RUTAS 2 & 7 FINANCE LTD 0 09/30/20361.81%
14UNITED OVERSEAS BANK LTD MTN RegS1.80%
15MEXICO GENERADORA DE ENE 5.5 12/06/20321.64%

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Sector weights
Cash & Others100%
Other100%
Corporate93.07%
Government6.83%
Finance0.61%
Mutual fund0.11%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Country weights
United States100%
Other100%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week0.0%
1 month0.0%
3 months-0.3%
6 months-1.6%
YTD-1.7%
1 year-2.3%
3 years

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week
1 month
3 months−$23M
YTD−$37M
1 year−$24M

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

Monthly net flows
AugSepOctNovDecJanFebMarAprMayJunJul
DAILY CREATION/REDEMPTION RECORDS, TRAILING TWELVE MONTHS
The risk read
realized volatility, 30 days (annualized)
3%realized volatility, 1 year
-3.7%deepest fall from a peak, 1 year
-3.3%where it sits vs. that peak today

The top holding is 5.1% of the book; the top ten carry 25%. Spread across 106+ names, it behaves like roughly 66 equally-weighted positions.

VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK

The case against EMTL

Due diligence cuts both ways. These funds sit on the same shelf and beat EMTL on at least one dimension that matters — the fee, the asset base, or where the money is going.

FundFeeAssetsFlow, 1MThe case
STIP iShares 0-5 Year TIPS Bond ETF0.03%$16B+$288M-62bp on fee · +$288M in over the monthHead-to-head
MBB iShares MBS ETF0.04%$39B+$26M-61bp on fee · +$26M in over the monthHead-to-head
IJH iShares Core S&P Mid-Cap ETF0.05%$128.4B+$547M-60bp on fee · 3× the assets · +$547M in over the monthHead-to-head
IDEV iShares Core MSCI International Developed Markets ETF0.04%$32.7B+$104M-61bp on fee · +$104M in over the monthHead-to-head
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF0.04%$23.4B+$520M-61bp on fee · +$520M in over the monthHead-to-head
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InstrumentsHarvest substitutesTrade cost at $1MClient tearsheetStress this fund
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