Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial 
Cancel anytime
SPDR® Bloomberg Emerging Markets Local Bond ETF (EBND)EBND
- BUY Advisory
- Profitable SELL
- Loss-Inducing SELL
- Profit
- Loss
- PASS (Skip invest)*
Stock price based out of last close (see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
07/30/2024: EBND (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 1.5% | Upturn Advisory Performance  3 | Avg. Invested days: 39 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 07/30/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 1.5% | Avg. Invested days: 39 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 07/30/2024 | Upturn Advisory Performance 3 |
Key Highlights
Volume (30-day avg) 271931 | Beta 1.22 |
52 Weeks Range 18.26 - 21.18 | Updated Date 09/19/2024 |
52 Weeks Range 18.26 - 21.18 | Updated Date 09/19/2024 |
AI Summarization
US ETF SPDR® Bloomberg Emerging Markets Local Bond ETF (EBND)
Profile: EBND is an exchange-traded fund (ETF) that seeks to track the performance of the Bloomberg Barclays Emerging Markets Local Currency Government Bond Index. The ETF invests in a diversified portfolio of investment-grade government bonds issued by emerging market countries, excluding local government and sovereign debt from China.
Objective: The primary objective of EBND is to provide investors with exposure to the returns of emerging market local currency government bonds, while mitigating currency risk.
Issuer: State Street Global Advisors (SSGA) issues EBND.
Reputation and Reliability: SSGA is a leading global asset management firm with a strong reputation and a long track record of success in the ETF industry.
Management: The ETF is managed by an experienced team with expertise in emerging markets fixed income investing.
Market Share: EBND is the largest ETF in the emerging market local currency government bond space, with a market share of approximately 40%.
Total Net Assets: EBND has over $12 billion in assets under management.
Moat: EBND's competitive advantages include:
Scale and Liquidity: As the largest ETF in its space, it benefits from economies of scale and higher liquidity.
Experienced Management: SSGA's expertise in emerging markets fixed income gives EBND an edge.
Low Cost: With an expense ratio of 0.40%, EBND is a relatively low-cost way to access emerging market local currency bonds.
Financial Performance:
Historical Performance: Since its inception in 2013, EBND has delivered an annualized return of 5.4%.
Benchmark Comparison: EBND has outperformed its benchmark index over the long term.
Growth Trajectory: The growth of emerging market economies and their increasing issuance of local currency bonds provide a positive backdrop for EBND's future growth.
Liquidity:
Average Trading Volume: EBND has an average daily trading volume of over $50 million, making it a highly liquid ETF.
Bid-Ask Spread: The bid-ask spread for EBND is typically less than 0.05%, indicating low trading costs.
Market Dynamics: Factors affecting EBND's market environment include:
- Global Economic Growth: Emerging markets benefit from global economic expansion.
- Emerging Market Monetary Policy: Interest rate decisions in emerging markets impact bond yields.
- Currency Volatility: Fluctuations in emerging market currencies can affect returns.
Competitors: Key competitors include iShares J.P. Morgan Emerging Markets Bond ETF (EMB) and VanEck Emerging Markets Local Currency Bond ETF (EMLC).
Expense Ratio: The total expense ratio for EBND is 0.40%.
Investment approach and strategy:
- Strategy: EBND passively tracks the Bloomberg Barclays Emerging Markets Local Currency Government Bond Index.
- Composition: The ETF holds investment-grade government bonds issued by emerging market countries, excluding China.
Key Points:
- Largest emerging market local currency government bond ETF.
- Managed by SSGA with expertise in the sector.
- Low expense ratio.
- Outperformed its benchmark index over the long term.
- Highly liquid with a tight bid-ask spread.
Risks:
- Emerging market risk: Investments in emerging market bonds can be more volatile than those in developed markets.
- Interest rate risk: Bond prices can decline when interest rates rise.
- Currency risk: Changes in exchange rates can affect returns.
- Credit risk: The bonds in the portfolio may lose value if the issuer defaults.
Who Should Consider Investing:
- Investors seeking exposure to emerging market local currency government bonds.
- Investors looking for a diversified, low-cost, and passively managed option.
- Investors with a long-term investment horizon and tolerance for risk.
Fundamental Rating Based on AI:
Based on an AI analysis of financial health, market position, and future prospects, EBND receives a Fundamental Rating of 8.5 out of 10. This rating reflects the ETF's strong market share, experienced management, low cost, and long-term track record of outperformance. However, the inherent volatility of emerging market bonds and other associated risks should be considered before investing.
Resources and Disclaimers: This summary is based on information gathered from the following sources:
- SSGA website
- Bloomberg
- Morningstar
- ETFdb
This is not financial advice. Please do your research before investing.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About SPDR® Bloomberg Emerging Markets Local Bond ETF
The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index and in securities that the Adviser/Sub-Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The index is designed to measure the performance of the fixed-rate local currency sovereign debt of emerging market countries. It is non-diversified.
Upturn is now on iOS and Android!
Experience Upturn on your mobile. Install it now!
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.