ATLASFirst Trust Emerging Markets Local Currency Bond ETF (FEMB): outlook, holdings and fees
First Trust Emerging Markets Local Currency Bond ETF (FEMB) is an exchange-traded fund and is managed by First Trust. The expense ratio is 0.86% and the yield is 6.57%. The ten largest holdings are 38% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 3, 2026
ATLAS view on FEMB
| Last price | $28.02 (-0.5%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 59% |
| Likely 1-month range (50%) | $27.70 – $28.65 |
| Normal 1-day range (±1σ) | ±0.6% |
| Distribution yield | 6.57% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
FEMB fund facts
| Issuer | First Trust |
|---|---|
| Theme | Emerging-market bonds |
| Assets under management | $384M |
| Expense ratio | 0.86% |
| Number of holdings | 10 |
| Portfolio turnover | 73% |
| Inception | Nov 4, 2014 |
| Exchange | NASDAQ |
Under normal market conditions, the fund seeks to achieve its investment objective by investing at least 80% of its net assets (including investment borrowings) in bonds, notes and bills issued or guaranteed by entities incorporated or domiciled in emerging market countries (collectively, Bonds) that are denominated in the local currency of the issuer. It is non-diversified.
FEMB top holdings
| Holding | Sector | Weight |
|---|---|---|
| South Africa (Republic of) 10.5% | – | 5.11% |
| Secretaria Tesouro Nacional 10% | – | 4.75% |
| South Africa (Republic of) 8.88% | – | 4.22% |
| Indonesia (Republic of) 8.38% | – | 3.71% |
| Mexico (United Mexican States) 7.5% | – | 3.83% |
| Indonesia (Republic of) 9% | – | 3.71% |
| Asian Development Bank 6.2% | – | 3.47% |
| Poland (Republic of) 2.75% | – | 3.33% |
| Ministerio de Hacienda y Credito Publico 7.75% | – | 3.17% |
| Hungary (Republic Of) 6.75% | – | 3.13% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
FEMB returns and risk
| Year to date | +2.1% |
|---|---|
| 1 year | +6.1% |
| 3 years (annualised) | +9.3% |
| 5 years (annualised) | +3.5% |
| 10 years (annualised) | +1.9% |
| Volatility (3 years) | 8.4% |
| Sharpe ratio (3 years) | 0.38 |
Past returns do not guarantee future results.
FEMB: frequently asked questions
What does FEMB invest in?
First Trust Emerging Markets Local Currency Bond ETF invests in a portfolio of securities. Its largest holdings are South Africa (Republic of) 10.5% (5.1%), Secretaria Tesouro Nacional 10% (4.8%), South Africa (Republic of) 8.88% (4.2%), Indonesia (Republic of) 8.38% (3.7%), Mexico (United Mexican States) 7.5% (3.8%).
What is the FEMB expense ratio?
0.86% a year: about $86.00 for every $10,000 invested.
What is the FEMB dividend yield?
6.57%. ATLAS does not hold the exact distribution dates for ETFs.
Will FEMB go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 59%, with a likely range (50%) of $27.70 to $28.65 from $28.02 today. It is a probability, not a prediction.
How has FEMB performed?
Year to date +2.1%, one year +6.1%, three years +9.3% a year, five years +3.5% a year. Past returns do not guarantee future results.
Similar ETFs: Emerging-market bonds
Educational information, not investment advice. Disclaimer