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SBEMA ETF · UBS BBG USD EM Sovereign UCITS ETF
The SBEMA Exchange Traded Fund (ETF) is provided by UBS. It is built to track an index: Bloomberg Emerging Markets USD Sovereign & Agency 3% Country Capped Index. The SBEMA ETF provides physical exposure, so by buying it you actually own parts of all the 683 underlying holdings. The dividend policy is capitalization.
Share class
Acc
USD
Last update 4/2/2026, 7:00 AM UTC
LIVE
CLOSED
This fund is part ofEmerging Markets Aggregate Bonds1M perf.-3.93%
Last price
$16.22
1M perf.
-2.45%
1M flows
+€461K
AuM
€10M
E/R
0.25%
Rating
ESG Consensus®
SBEMA
$16.22
Performance & flows
Segment for quartile rank
January 2, 2026 → April 1, 2026
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SBEMA
$16.19
-0.86%
Emerging Markets Aggregate Bonds
-1.48%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -2.45%  | -0.86%  | +11.26% | +34.46% | +12.82% | +0.75% | +0.75% | -0.92% | |
| Flows |
Key fund info
Segment for quartile rank
Main characteristics
More details
NAV
4/1/2026
$16.19
1D NAV change
+0.75%
Dividend policy
Replication method
Direct (Physical)
Replication model
Optimized sampling
No. of holdings
683
Inception date
1/31/2018
Jurisdiction
Luxembourg
Distribution
Portugal
Spain
Singapore (Qualified Investor)
Sweden
Norway
Legal structure
SICAV
Base currency
USD
Classification
Product type
Asset class
Factors
N/A
Share class info
USD capitalizing
Total AuM of fund
€407M
Decimalisation of shares
No
Investment strategy
The investment objective is to replicate the price and return performance of the Barclays Emerging Markets USD Sovereign & Agency 3% Country Capped Index hedged to CHF net of fees. The stock exchange price may differ from the net asset value. The Barclays Emerging Markets USD Sovereign & Agency 3% Country Capped Index hedged to CHF is a market capitalization weighted index that tracks fixed and floating-rate US dollar-denominated debt issued by sovereign and agency EM issuers. Country weights are capped at 3% of total amount outstanding of all eligible issues. Exchange rate fluctuations between the foreign currency and index currency are reduced by the sale of foreign exchange contracts with a term of one month.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | -0.86% | +11.26% | +34.46% | +12.82% |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
1
2
3
4
5
6
7
PRIIPS
1
2
3
4
5
6
7
More exposure metrics are available, exclusively in Trackinsight Enterprise
Exposure
Countries
Poland
3.18%
Indonesia
3.13%
Uruguay
3.13%
Romania
3.09%
Nigeria
3.07%
Dominican Republic
3.06%
South Africa
2.97%
Egypt
2.95%
Unavailable
6.33%
Other
69.09%
Sectors
Sovereign
72.68%
Oil and gas extraction and refining
7.07%
Banks
2.40%
Power
1.83%
Chemical and petrochemical industry
1.57%
Non-ferrous metals
1.20%
Unavailable
9.11%
Other
4.16%
Diversification
Total weight of top 15 holdings out of 683
Top 15 holdings
Data as of February 28, 2026
Ecuador, 5.5% 31jul2035, USD
Argentina, 4.125% 9jul2035, USD
South Africa, 5.75% 30sep2049, USD
Uruguay, 5.1% 18jun2050, USD
Ghana, 5% 3jul2035, USD
Panama, 6.7% 26jan2036, USD (A)
Poland, 4.875% 4oct2033, USD
Dominican Republic, 4.875% 23sep2032, USD
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Hungary, 6.25% 22sep2032, USD
Uruguay, 4.375% 23jan2031, USD
Peru, 8.75% 21nov2033, USD
Romania, 5.75% 24mar2035, USD
Argentina, 0.75% 9jul2030, USD
Kazakhstan, 4.714% 9apr2035, USD
Morocco, 5.95% 8mar2028, USD
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More risk metrics are available, exclusively in Trackinsight Enterprise
Sustainability
Integrates ESG criteria
No
SDG
ESG Consensus® by Conser
Data as of December 31, 2025
MethodologyOur partner Conser gathers the industry's consensus on the business practices of the underlying holdings. We have computed the following metrics about SBEMA ETF's sustainability, based on their methodology.
ESG Consensus®
ESG Consensus® is based on the Final Sustainability Grade, which itself consists of 10 grades. Our partner Conser calculates the exact grade, based on market intelligence, using their proprietary ESG Consensus® methodology.
SBEMA’s has a Final Sustainability Grade of either C+, C, C-, or D.
A+
A
A-
B+
B
B-
C+
C
C-
D
This fund’s exact Final Sustainability Grade is available in Trackinsight Enterprise.
Learn more about Trackinsight EnterpriseHoldings review
51.26% of holdings have positive scoring
49.77% of holdings have negative scoring
11.54%
25.90%
13.82%
10.70%
28.15%
10.92%
Consensus levels
Strong
Medium
Weak
More sustainability metrics are available, exclusively in Trackinsight Enterprise
Replication
Trackinsight replication rating:
Replication quality
Calculated over 12m, as of March 31, 2026
Tracking error
Tracking difference
Replication information
Index
Bloomberg Emerging Markets USD Sovereign & Agency 3% Country Capped Index - USD
Index ticker
BEMUTRUU Index
Index dividend policy
GTR
Replication method
Replication model
More replication analysis are available, exclusively in Trackinsight Enterprise
Issuer
UBS
UBS ID Card
Number of funds
451
Total AuM
€158.85B
Expense ratio range
0.03% - 0.95%
Average expense ratio
0.2371%
Top 5 funds by UBS
| AuM | ||
|---|---|---|
UETW | UBS Core MSCI World UCITS ETF | €7.1B |
AUUSI | UBS Gold ETF | €5.71B |
EMMUSC | UBS Core MSCI EM UCITS ETF | €5.53B |
EMUAA | UBS Core MSCI EMU UCITS ETF | €3.86B |
JPNA | UBS Core MSCI Japan UCITS ETF | €3.73B |
Frequently asked questions about SBEMA
What does UBS BBG USD EM Sovereign UCITS ETF, SBEMA, invest in?
SBEMA is a Passive ETF. This ETF provides exposure to Emerging markets Mixed Ratings Aggregate Bonds.
Which benchmark or index does SBEMA replicate?
SBEMA tracks the Bloomberg Emerging Markets USD Sovereign & Agency 3% Country Capped Index - USD, through a optimized sampling replication method.
What is the Total Expense ratio (TER) of SBEMA?
SBEMA carries a total expense ratio (TER) of 0.25%, indicating the annual cost for holding the fund.
When was SBEMA launched?
SBEMA was introduced to the market on January 31, 2018. It trades on Portugal, among other exchanges
Who is the ETF issuer of SBEMA?
UBS BBG USD EM Sovereign UCITS ETF, SBEMA, is provided by UBS. Learn more about UBS here.
Does SBEMA have multiple share classes?
Yes, SBEMA is available in multiple share classes, which may differ by distribution policy (e.g., accumulating vs. distributing), currency or hedging. Explore the different share classes .
What is the current assets under management (AUM) of SBEMA?
SBEMA oversees €10M in assets as of April 1, 2026.
How has SBEMA performed lately?
Based on data from April 1, 2026, SBEMA returned -2.45% over the past month, -0.86% over the last three months and -0.92% year-to-date.
What are the latest inflows or outflows for SBEMA?
As of April 1, 2026, SBEMA recorded net flows of +€464K over the last month and +€1.2M year-to-date.
Does SBEMA distribute dividends?
SBEMA follows a capitalizing, meaning it reinvests income within the fund.
What are the main country or region exposures of SBEMA?
As of February 28, 2026, SBEMA has significant geographic allocations in Poland, Indonesia and Uruguay.
In which sector or theme does SBEMA invest in?
As of February 28, 2026, SBEMA focuses largely on Sovereign, Oil and gas extraction and refining and Banks.
How many securities does SBEMA hold and how diversified is it?
As of February 28, 2026, SBEMA holds 683 positions in its portfolio, with 9.98% of assets concentrated in its top 15 holdings.
What are the main positions in SBEMA?
As of February 28, 2026, SBEMA top three holdings include Ecuador, 5.5% 31jul2035, USD, Argentina, 4.125% 9jul2035, USD and South Africa, 5.75% 30sep2049, USD.
What is the base currency of SBEMA?
The base currency of SBEMA is USD.
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