ETF Evaluator:
Pictet Emerging Markets Debt ETF ()
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(as of Aug 26)
Best Performing in Emerging Markets Bond Over the Last Year
| 12.8% | Virtus Stone Harbor Emr Mkt Hi Yld BdETF (VEMY) |
| 11.5% | VanEck Emerging Markets Bond ETF (EMBX) |
| 11.3% | Neuberger Em Mkts Debt Hard Ccy ETF (NEMD) |
| 9.5% | iShares J.P. Morgan EM High Yld Bd ETF (EMHY) |
| 9.4% | Simplify Gamma Emerging Market Bond ETF (GAEM) |
Risk
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Risk
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ETF Details
Pictet Emerging Markets Debt ETF Overview
Pictet Emerging Markets Debt ETF (EMFI) is an actively managed Taxable Bond Emerging Markets Bond exchange-traded fund (ETF). Pictet Asset Management Ltd launched the ETF in 2026.
The investment seeks to increase the value of the investment through income and investment growth.
Under normal market conditions, the fund will invest at least 80% of its net assets (plus borrowings for investment purposes) in debt securities issued or guaranteed by government and quasi-governmental entities and corporations located in emerging market countries and denominated in U.S. dollars (“USD”) along with euro denominated debt hedged in USD.
About Pictet Emerging Markets Debt ETF (EMFI)
There are 4 members of the management team with an average tenure of 0.27 years: Andrew Stanners (2026), Robert Simpson (2026), Alper Gocer (2026) and Christopher Preece (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
Pictet Emerging Markets Debt ETF has 95 securities in its portfolio. The top 10 holdings constitute 24.5% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Pictet Emerging Markets Debt ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. Pictet Emerging Markets Debt ETF has 96.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 93.3% (-3.3% domestic bond, 96.6% foreign bond and 0.0% convertible bond). Pictet Emerging Markets Debt ETF has 6.7% of the portfolio in cash.
Assets Under Management
The fund has $17 million in total assets, which is below the $1 billion average for the Emerging Markets Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
EMFI Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Pictet Emerging Markets Debt ETF expense ratio is average compared to funds in the Emerging Markets Bond category. Pictet Emerging Markets Debt ETF has an expense ratio of 0.50%, which is 9% higher than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Pictet Emerging Markets Debt ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 56% for the Emerging Markets Bond category.
Recently, in the month of July 2026, Pictet Emerging Markets Debt ETF returned -1.3%, which earned it a grade of C, as the Emerging Markets Bond category had an average return of -1.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Pictet Emerging Markets Debt ETF has a trailing yield of 0.00%, which is below the 6.13% category average.
The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
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EMFI Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| EMFI Return (NAV) | -1.3% | 1.3% | na | na | na | na |
| EMFI Return (Price) | -1.3% | 1.1% | na | na | na | na |
| NAV +/- Price Return | 0.061% | 0.187% | na | na | na | na |
| Emerging Markets Bond Avg | -1.1% | 0.6% | 8.0% | 8.7% | 2.3% | 3.6% |
| EMFI Grade (NAV) | C | A | na | na | na | na |
| +/- Category (NAV) | -0.2% | 0.7% | na | na | na | na |
| EMFI Tax-Cost Ratio | na | na | na | na | na | na |
EMFI Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| EMFI Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| EMFI Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Emerging Markets Bond Avg | 2.0% | 13.0% | 6.8% | 10.3% | -14.2% | -3.3% | 5.9% | 13.9% | -4.6% | 9.8% | 10.7% |
| EMFI Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 17 Mil |
| Share Class Assets: | $ 17 Mil |
| Turnover: | na |
| Expense Ratio: | 0.50% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 0.3 years | |||
| Average Tenure: 0.3 years | |||
| Managers (Year): Stanners Andrew (2026), Simpson Robert (2026), Gocer Alper (2026), Preece Christopher (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 95 |
| % in Top 10 Holdings: | 24.5% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 96.6% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | -3.3% |
| Foreign Bond: | 96.6% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 6.7% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Pictet Asset Management Ltd |
| Phone Number: | 855-994-4778 |
| Website: | |
| Inception Date: | April 22, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.50% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.46% |
