First Trust Emerging Markets Local Currency Bond ETF

First Trust Emerging Markets Local Currency Bond ETF is an exchange-traded fund focused on fixed income exposure across emerging markets. The fund seeks to provide current income and total return by investing primarily in bonds, notes, and bills issued or guaranteed by governments and related entities in emerging-market countries, with holdings denominated in the local currency of each issuer. Its portfolio is designed to capture a broad mix of sovereign, sub-sovereign, quasi-sovereign, and supranational debt while maintaining diversification through a country-cap structure in its benchmark. FEMB gives investors access to emerging-market local-currency debt as a distinct segment of the global bond market, reflecting both interest-rate conditions and currency dynamics in the underlying countries. The ETF is managed by First Trust and serves as a vehicle for gaining diversified exposure to taxable bond markets outside developed economies.