EBND

EBND is a passive bond ETF designed to track an index of emerging-market government bonds issued in local currencies, generally targeting maturities of at least one year.

It uses sampling (owning a representative slice rather than every bond) to mirror the index’s risk/return profile, and it may use derivatives like forwards, futures, or swaps to help track and manage cash flows.

The portfolio is market-value weighted, so the biggest and most liquid issuers tend to dominate allocations.