The ProShares Short Term USD Emerging Markets Bond ETF (EMSH) offers exposure to U.S. dollar-denominated emerging market bonds with maturities of five years or less. With assets under management of $0.01 billion and an expense ratio of 0.50%, EMSH focuses on short-term emerging market debt. EMSH's current dividend yield is notably high at 16.21%. The fund's investment strategy targets sovereign governments, non-sovereign government agencies, and corporations with significant government ownership within emerging markets.
ProShares Short Term USD Emerging Markets Bond ETF (EMSH) ETF — Price, Holdings & Analysis
The ProShares Short Term USD Emerging Markets Bond ETF (EMSH) offers exposure to U.S. dollar-denominated emerging market bonds with maturities of five years or less. With assets under management of $0.01 billion and an expense ratio of 0.50%, EMSH focuses on short-term emerging market debt. EMSH's current dividend yield is notably high at 16.21%. The fund's investment strategy targets sovereign governments, non-sovereign government agencies, and corporations with significant government ownership within emerging markets.
ETF Overview
The index is comprised of a diversified portfolio of USD-denominated Emerging Market bonds that have less than or equal to five years remaining to maturity that are issued by Emerging Market sovereign governments, non-sovereign government agencies and entities, and corporations with significant government ownership. The fund will invest in U.S. dollar-denominated debt instruments issued by Sovereign, Sub-Sovereign or Quasi-Sovereign issuers.
EMSH provides targeted exposure to the short-term segment of the USD-denominated emerging market bond universe. The fund tracks an index comprised of a diversified portfolio of USD-denominated Emerging Market bonds that have less than or equal to five years remaining to maturity. These bonds are issued by Emerging Market sovereign governments, non-sovereign government agencies and entities, and corporations with significant government ownership. EMSH invests in U.S. dollar-denominated debt instruments issued by Sovereign, Sub-Sovereign or Quasi-Sovereign issuers. As of 2026-03-15, the fund's sector allocation is entirely in Cash & Others. The fund's country exposure is entirely to 'Other' countries. This ETF may appeal to investors seeking income from emerging market debt while mitigating interest rate risk through its focus on shorter maturities.
Risk Metrics
EMSH carries certain risks inherent to emerging market debt investments. While the focus on short-term maturities mitigates interest rate risk to some extent, credit risk remains a factor, as emerging market bonds can be subject to higher default rates. The fund's beta of 0.46 indicates lower volatility compared to the broader market. The expense ratio of 0.50% will create a drag on performance, especially relative to lower-cost ETFs. The fund's concentration in 'Cash & Others' and 'Other' countries introduces concentration risk, as the fund's performance is heavily reliant on these specific holdings. Investors should carefully consider their risk tolerance and investment objectives before investing in EMSH, and understand that past performance does not guarantee future results.
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Risk Metrics
Beta: 0.46
Questions & Answers
What is EMSH and what does it track?
The ProShares Short Term USD Emerging Markets Bond ETF (EMSH) is designed to track the performance of a diversified portfolio of U.S. dollar-denominated emerging market bonds with remaining maturities of five years or less. These bonds are issued by sovereign governments, non-sovereign government agencies, and corporations with significant government ownership in emerging markets. EMSH provides investors with targeted exposure to the short-term segment of the emerging market debt universe. As of 2026-03-15, the fund has $0.01 billion in assets under management.
What is the expense ratio for EMSH?
The expense ratio for EMSH is 0.50%. This means that for every $10,000 invested, $50 is deducted annually to cover the fund's operating expenses. While not exceptionally high, this is above some of the lowest-cost ETFs available. the may be worth researching expense ratio as part of their overall investment decision, as it directly impacts the fund's net returns. The category average expense ratio is 0.44%.
What are the top holdings in EMSH?
As of 2026-03-15, EMSH's holdings are primarily allocated to 'Cash & Others'. The fund invests in U.S. dollar-denominated debt instruments issued by Sovereign, Sub-Sovereign or Quasi-Sovereign issuers. Due to the fund's strategy focusing on short-term USD-denominated Emerging Market bonds, the specific holdings may change frequently as bonds mature and new investments are made. Investors can find the most up-to-date list of holdings on the ProShares website.
Is EMSH a good long-term investment?
Whether EMSH is a suitable long-term investment depends on an investor's individual circumstances, risk tolerance, and investment objectives. EMSH's focus on short-term emerging market debt can provide some stability in a rising interest rate environment. However, emerging market debt carries inherent risks, including credit risk and currency risk. The fund's expense ratio of 0.50% will also impact long-term returns. Investors should carefully weigh these factors and consider their overall portfolio allocation before making a decision. Past performance does not guarantee future results.
How does EMSH compare to similar ETFs?
EMSH differentiates itself through its exclusive focus on short-term USD-denominated emerging market debt. Other emerging market bond ETFs may have broader mandates, including longer-duration bonds or local currency debt. EMSH's expense ratio of 0.50% should be compared to similar ETFs to assess its cost-effectiveness. The fund's AUM of $0.01 billion may be smaller than some of its competitors, which could impact liquidity. Investors should carefully evaluate the strategy, expense ratio, and liquidity of different ETFs before making an investment decision.
Does EMSH pay dividends?
Yes, EMSH pays dividends. The current dividend yield for EMSH is 16.21% as of 2026-03-15. It is important to note that dividend yields can fluctuate based on market conditions and the fund's underlying holdings. Investors seeking income from emerging market debt may find EMSH's dividend yield attractive, but should also consider the risks associated with this asset class.