State Street® DoubleLine® Emerging Markets Fixed Income ETF

What this fund is

State Street® DoubleLine® Emerging Markets Fixed Income ETF is an exchange-traded fund (ETF) from SPDR, traded under the ticker EMTL (ISIN US78470P3091). In a single purchase you get a diversified basket of holdings rather than a stake in just one business. In plain terms it is about lending to governments and companies in return for regular interest, which tends to be steadier than shares but grows more slowly, spread across its target market. It passively tracks the JP Morgan Corporate Emerging Market Bond Index Broad Diversified index — mirroring that market instead of paying a manager to pick winners, which keeps costs low, and its largest holdings include US Dollars, OVERSEA-CHINESE BANKING 4.602 06/15/2032 and MINSUR SA 4.5 10/28/2031. With about 96 holdings (the ten largest ≈ 25.7%), your money is diversified rather than concentrated in a handful of names.

By geography it is weighted towards ~79.2% United States. Funds like this are often used as the steadier, lower-swing part of a portfolio — the ballast that cushions the ups and downs of shares. Its ongoing charge (TER) is 0.65% a year — about €65 a year on a €10,000 holding, taken automatically from the fund. It is a distributing share class — dividends are paid to you as cash rather than reinvested, and over the last year it paid out roughly 4.96% (its trailing yield). It holds the underlying investments directly (physical replication); it is domiciled in the United States and trades in USD.

Its price has swung about 2.3% over the past year, which describes how much its price tends to move rather than whether it is good. It launched in 2016. Like any investment, it can lose value as well as gain, and what it did before does not predict what it will do next. (Fund data sourced from SPDR.)