At a glance
EMCB charges 0.61% a year, above the 0.11% average of the 7 funds most like it (the most expensive of 8). It has $99.4M in assets, the 8th largest of that group; it paid 6.09% of its price in distributions over the past 12 months, monthly. Over the past year it returned +0.2% with distributions reinvested, 3rd of those 8 funds; over three years it returned +7.6% a year. At its worst it fell 22.8% in the 2020 crash (S&P 500: 33.7%) and 18.5% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 4 months and 22 months after the lows. Its ten largest positions make up 11.7% of the fund, out of 195 in all.
The short version
WisdomTree Emerging Markets Corporate Bond Fund (EMCB) is an actively managed ETF that buys mainly US dollar bonds issued by companies in emerging markets such as Mexico, Chile and Peru. It holds both investment-grade bonds and higher-yielding "junk" bonds, and it pays monthly, with a trailing yield of 6.09% as of October 27, 2026. The trade-off is cost: 0.61% a year, compared with a 0.11% average for the corporate bond ETFs it most resembles.
Price history
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EMCB +0.2% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| EMCB official prospectus, to Dec 31, 2024 | — | +6.63% | — | +1.75% | +3.33% | — |
| JP Morgan CEMBI Diversified Index (Reflects no deduction for fees, expenses or taxes) index, same period | — | +7.34% | — | +1.82% | +3.99% | — |
| Bloomberg U.S. Aggregate Bond Index (Reflects no deduction for fees, expenses or taxes) index, same period | — | +1.25% | — | -0.33% | +1.35% | — |
| EMCB price data to Oct 27, 2026 | +0.3% | +0.2% | +7.6% | +1.8% | +3.5% | +3.5% |
- Over the year to Oct 27, 2026, EMCB returned +0.2%, 3rd of 8 among similar funds.
- Its 5-year annualized return was +1.8% and its 10-year +3.5%.
- In the 2020 COVID crash it fell 22.8% and regained its old high 4.4 months after the low.
- Its worst full calendar year was 2022 (-12.9%); its best was 2019 (+13.4%).
- The deepest fall in its price history was 22.8% (Feb 21, 2020 to Mar 19, 2020), recovered by Jul 31, 2020.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +0.3% | — |
| 2025 | +8.2% | — |
| 2024 | +7.1% | +6.63% |
| 2023 | +8.8% | +9.16% |
| 2022 | -12.9% | -12.97% |
| 2021 | -0.6% | -0.22% |
| 2020 | +8.6% | +7.91% |
| 2019 | +13.4% | +13.01% |
| 2018 | -3.0% | -2.53% |
| 2017 | +9.5% | +8.79% |
| 2016 | +10.6% | +10.43% |
| 2015 | -4.6% | -3.92% |
| 2014 | +1.9% | — |
| 2013 | -3.2% | — |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 20.8% over that stretch · deepest drop along the way 22.8%, back to its old high 4.4 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 18.3% over that stretch · deepest drop along the way 18.5%, back to its old high 22 months after the low |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $2.9500 | |
| 2025 | $3.6600 | +6.1% |
| 2024 | $3.4500 | +5.2% |
| 2023 | $3.2800 | +29.6% |
| 2022 | $2.5300 | -1.2% |
| 2021 | $2.5600 | -14.4% |
| 2020 | $2.9900 | -3.5% |
| 2019 | $3.1000 | +7.6% |
| 2018 | $2.8800 | -2.7% |
| 2017 | $2.9600 | +3.5% |
| 2016 | $2.8600 | -15.1% |
| 2015 | $3.3700 | -11.5% |
| 2014 | $3.8100 | -1.0% |
| 2013 | $3.8500 |
What's inside
As of May 31, 2026, the fund held 195 securities; the ten largest made up 11.66% of assets, and 14.26% sat in cash and money-market holdings.
| Holding | Weight | |
|---|---|---|
| WINDFALL MINING GROUP INC Bonds and notes | 1.61% | |
| ALIBABA GROUP HOLDING LTD Bonds and notes | 1.36% | |
| CENTRAL AMERICAN BOTTLING CORP Bonds and notes | 1.25% | |
| BIDVEST GROUP (UK) PLC (THE) Bonds and notes | 1.24% | |
| BANCO DE CREDITO DEL PERU SA Bonds and notes | 1.12% | |
| BANGKOK BANK PCL HONG KONG BRANCH Bonds and notes | 1.04% | |
| SITIOS LATINOAMERICA SAB DE CV Bonds and notes | 1.03% | |
| HYUNDAI CAPITAL AMERICA Bonds and notes | 1.03% | |
| SOCIEDAD QUIMICA Y MINERA DE CHILE SA Bonds and notes | 1.00% | |
| INRETAIL CONSUMER Bonds and notes | 0.97% | |
| SANDS CHINA LTD Bonds and notes | 0.97% | |
| HUNT OIL CO OF PERU LLC PERU BRANCH Bonds and notes | 0.92% | |
| MEGLOBAL BV Bonds and notes | 0.91% | |
| COX ASSET MEXICO SA DE CV Bonds and notes | 0.90% | |
| BBVA MEXICO SA TEXAS BRANCH Bonds and notes | 0.89% |
By country
Cayman Islands 9.16%Mexico 8.8%Chile 6.09%United Kingdom 6.02%Peru 5.05%By issuer
Companies 86.95%Foreign governments 2.44%The bonds mature in 7.7 years on average (weighted by size), with an average coupon of 5.95%.
Source: N-PORT holdings report as of May 31, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to May 31, 2026, investors added a net $3.3M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: -1.89%, +1.77%, +0.23%.
How it works
EMCB does not track an index. WisdomTree's managers pick the bonds. They start with a "top down" look at economic conditions, then do "bottom up" research on individual countries and companies. At least 80% of net assets must be invested directly in debt from emerging market companies, which can be public, private or state-owned. Most of these bonds are issued in US dollars. The fund can also hold some bonds in local currencies, which adds currency risk, plus a small amount of government debt. The prospectus measures results against the JP Morgan CEMBI Diversified Index.
Limits keep the fund spread out. It generally holds no more than 10% in one issuer and no more than 30% in one country. As of May 31, 2026, it held bonds from 195 issuers, and the 10 largest made up just 11.66% of assets. The biggest were Windfall Mining Group (1.61%), Alibaba (1.36%) and Central American Bottling (1.25%). Countries are listed by where each issuer is legally registered. That partly explains why the Cayman Islands (9.16%) ranks ahead of Mexico (8.8%).
The managers aim to keep duration between two and ten years. Duration measures how much a bond's price moves when interest rates change. The fund may put up to 20% of net assets in derivatives such as US Treasury futures. Trading is heavy: the prospectus reports 199% portfolio turnover. Cash and similar holdings made up 14.26% of assets as of May 31, 2026.
What it really costs
- EMCB charges 0.61% a year, versus an average of 0.11% for the similar funds below (8th of 8, cheapest first).
- Of that, 0.6% is the management fee; the rest covers other fund expenses.
- Using the prospectus's standard example, $10,000 invested would cost about $62 in the first year and $762 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| EMCB | $62 | $195 | $340 | $762 |
Structure and tax notes
- Bond prices move opposite to interest rates; the longer the maturities it holds, the more its price reacts to rate changes.
In a retirement portfolio
It pays monthly and its yield was 6.09% as of October 27, 2026, but its emerging market and junk bond exposure make it riskier than a core bond fund.
EMCB pays monthly, and its trailing 12-month yield was 6.09% as of October 27, 2026. That income has come with real price swings. In the 2020 COVID crash, it fell 22.8% between February 21 and March 19, 2020, then regained its peak by July 31, 2020. The 2022 decline was slower and lasted longer. The fund was down 18.5% by September 29, 2022, and did not recover until July 31, 2024, about 22 months later. It lost 12.97% in 2022, its worst calendar year. It launched in 2012, so it has no record from 2008. A retiree who sold shares for spending money during a stretch like 2022 would have locked in losses. The 0.61% expense ratio also takes a bigger share of income than low-cost bond funds charge. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Income-focused investors who want monthly payments from bond interest; the trailing yield was 6.09% as of October 27, 2026.
- Investors seeking bonds from emerging market companies, such as Alibaba, Banco de Credito del Peru and Sociedad Quimica y Minera de Chile, in one fund.
- People willing to pay 0.61% a year for managers who can shift among countries, credit quality and duration within set limits.
Look elsewhere if
- Cost-focused investors: VCIT and SCHI charge 0.03% versus EMCB's 0.61%, though neither is an emerging markets fund.
- Retirees who couldn't hold through a 22.8% drop like early 2020's, or wait 22 months for a recovery like after 2022.
- Investors who want only investment-grade bonds. EMCB deliberately holds junk bonds too, which carry a higher risk of default.
Close alternatives
Matched by bond funds with the closest average maturity and issuer mix (N-PORT).
| Fund | Avg. maturity | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| EMCB this fund | 7.7 yrs | 0.61% | $99.4M | +0.2% | +7.6% |
| SCHI Schwab 5-10 Year Corporate Bond ETF | 8.1 yrs | 0.03% | $11.60B | -1.8% | +6.9% |
| VCIT Vanguard Intermediate-Term Corporate Bond E… | 8.2 yrs | 0.03% | $72.04B | -0.6% | +7.1% |
| IGIB iShares 5-10 Year Investment Grade Corporat… | 8.3 yrs | 0.04% | $18.72B | -1.0% | +6.4% |
| SPIB SPDR Portfolio Intermediate Term Corporate … | 5.6 yrs | 0.04% | $11.57B | 0.0% | +6.1% |
| HYG iShares iBoxx $ High Yield Corporate Bond E… | 5.4 yrs | 0.49% | $16.19B | +0.9% | +7.4% |
| USHY iShares Broad USD High Yield Corporate Bond… | 5.4 yrs | 0.08% | $28.59B | +1.2% | +7.7% |
| USIG iShares Broad USD Investment Grade Corporat… | 10.3 yrs | 0.04% | $17.85B | -0.9% | +5.7% |
Questions investors ask
Does EMCB pay monthly dividends?
Yes. EMCB pays distributions monthly. Over the 12 months to October 27, 2026, it paid $3.88 per share, a trailing yield of 6.09%. The income comes mainly from interest on the corporate bonds it holds, which had an average coupon of 5.95% as of May 31, 2026. Monthly amounts can change as the managers buy and sell bonds and as interest rates move.
Is EMCB a junk bond fund?
Partly. EMCB deliberately holds both investment-grade bonds and non-investment-grade bonds, often called junk bonds, to give broad exposure to emerging market corporate debt. Junk bonds pay more interest because their issuers are more likely to default. The prospectus does not set a fixed split, so the mix can change. This blend helps explain why the fund fell 22.8% in early 2020, a sharper drop than many people expect from a bond fund.
What's the difference between EMCB and SCHI?
SCHI, the Schwab 5-10 Year Corporate Bond ETF, is the fund that most resembles EMCB by maturity and issuer mix, but it is not an emerging markets fund. SCHI charges 0.03% a year versus EMCB's 0.61%. It is also far larger, at $11.6 billion as of June 30, 2026, versus $99.4 million for EMCB as of May 31, 2026. As of October 27, 2026, EMCB returned 0.2% over one year and 7.6% a year over three years. SCHI returned −1.8% and 6.9%.
How did EMCB do in 2022?
Badly. EMCB lost 12.97% in 2022, its worst calendar year on record. From its peak on January 4, 2022, the fund fell 18.5% by September 29, 2022. It did not regain that peak until July 31, 2024, about 22 months after the low. It then gained 9.16% in 2023 and 6.63% in 2024, according to the prospectus. Anyone who had to sell during that stretch would have sold at a loss.
Is EMCB actively managed or does it track an index?
It is actively managed. WisdomTree's managers choose bonds based on economic, country and company research instead of copying an index. The prospectus compares the fund with the JP Morgan CEMBI Diversified Index. As of December 31, 2024, the fund returned 3.33% a year over 10 years, versus 3.99% for the index, which has no fees. The expense ratio is 0.61%. In the SEC's standard $10,000 example, costs come to about $62 after one year and $762 after 10 years.