Emerging Markets Debt

What Differentiates
Our Emerging Markets Debt Team

Bottom-Up and Top-Down Analysis

What We Believe

We believe our robust, disciplined bottom-up and top-down research helps us better uncover mispricings in inefficient emerging markets debt. Our active approach is based on:

Rigorous fundamental research
Global macro analysis
Diversification discipline
Valuation focus
Integrated risk management, including a proprietary beta-bucketing approach

The breadth of our team enables specialization and regional focus, enhancing our ability to identify opportunities and to avoid unattractive risks.

Why This Matters

The historical yield advantage of emerging markets debt over developed markets debt provides the potential for attractive risk-adjusted returns. We believe our disciplined bottom-up and top-down process helps us identify emerging markets debt with an attractive risk/reward profile, enabling us to deliver better outcomes for our portfolios and clients.

Resources

Why Emerging Markets Debt Now?

Emerging markets debt has underperformed as interest rates have increased, but the tide could be changing.

Read Paper

Mariana speaking in EM corporate debt summit video

Emerging Markets Corporate Debt Summit Research Platform

To help synthesize information about the countries in which we invest, as well as global trends, our emerging markets debt team uses an internal technological research platform called Summit.

Watch Now

Why Consider Frontier Markets Debt?

Learn why there is potential value in investing in frontier markets, both on a standalone basis or as part of a more diverse portfolio.

Watch Now

Featured Funds

Emerging Markets Debt Fund

View Fund

Featured Strategies

Emerging Markets Debt Hard Currency

View Strategy

Emerging Markets Frontier Debt

View Strategy

Emerging Markets Debt Local Currency

View Strategy

Emerging Markets Debt Strategies

Filter by:

Scroll right to view full table.

Strategy Name	Description
Emerging Markets Debt
Emerging Markets Debt	Diversified portfolio of emerging markets debt denominated primarily in major currencies (primarily the U.S. dollar), with up to 20% denominated in local currencies.
Emerging Markets Debt Hard Currency	Diversified portfolio of emerging markets debt denominated in major currencies (primarily the U.S. dollar).
Emerging Markets Debt Local Currency	Portfolio of local currencies and local interest rates of emerging markets.
Emerging Markets Frontier Debt	Diversified portfolio of investments in local- and hard-currency-denominated debt issued in and/or by emerging markets frontier countries.

Emerging Markets Debt Fund Performance

Filter by:

Performance cited represents past performance. Past performance does not guarantee future results and current performance may be lower or higher than the data quoted. Returns shown assume reinvestment of dividends and capital gains. Investment returns and principal will fluctuate with market and economic conditions and you may have a gain or loss when you sell shares. Class N shares are available to the general public without a sales load. Class I and Class R6 shares are available only to investors who meet certain eligibility requirements.

Index: Hide|Display

AS OF DATE: Monthly|Quarterly

Scroll right to view full table.

Ticker and Fund Name	Share Class	Month ▼	YTD ▼	1-YR ▼	3-YR ▼	5-YR ▼	10-YR ▼	Since Inception ▼	Gross Expense Ratio ▼	Net Expense Ratio ▼	Fact Sheet
		RETURNS: As of 01/31/26		AVERAGE ANNUAL RETURNS: As of 01/31/26
Emerging Markets Debt
WEDIX Emerging Markets Debt Fund	I	1.79%	1.79%	15.70%	11.81%	-	-	3.91%Since05/25/21	1.12%	0.70%
JPMorgan EMBI Global Diversified – Net Return	-	0.68%	0.68%	13.45%	9.70%	-	-	2.40%	-	-	-

Scroll right to view full table.

	Prices: As of 2/10/26	Yields: As of: 1/31/26 Hide\|Display
Emerging Markets Debt
WEDIX Emerging Markets Debt Fund	I	$8.94	0.03	0.34%	6.17%	6.09%	5.71%

Prices: As of 2/10/26

Yields: As of: 1/31/26

Hide|Display

Ticker and Fund Name

Share Class

Closing Price

▼

Daily Change

▼

Daily % Change

▼

Distribution Yield

▼

30-Day SEC Yield (Subsidized)

▼

30-Day SEC Yield (Unsubsidized)

▼

Fact Sheet

Emerging Markets Debt

WEDIX

Emerging Markets Debt Fund

$8.94

0.03

0.34%

6.17%

6.09%

5.71%

The Morningstar Rating for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange- traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10 year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

Ratings and rankings are one measure of performance. Ratings may vary among share classes. Ratings reflect expense limitations in effect during the period, without such limitations returns would be lower. Past performance does not guarantee future results.

Our Emerging Markets Debt Team

Meet the Team

Yvette Babb

Read quote

We’re trying to understand the world. We speak to the governments of different countries and independent researchers, and we translate that information into something very measurable through a structured investment process.

Yvette Babb

PORTFOLIO MANAGER, EMERGING MARKETS DEBT TEAM

Yvette Babb

Read quote

Yvette Babb

PORTFOLIO MANAGER, EMERGING MARKETS DEBT TEAM

Marcelo Assalin, CFA, Partner

Read quote

Many of us come from emerging markets, and that has exposed us to some rough conditions. We carry those experiences for life, so we see volatility as an opportunity for emerging markets investors.

Marcelo Assalin, CFA, Partner

HEAD OF EMERGING MARKETS DEBT TEAM

Marcelo Assalin, CFA, Partner

Read quote

Many of us come from emerging markets, and that has exposed us to some rough conditions. We carry those experiences for life, so we see volatility as an opportunity for emerging markets investors.

Marcelo Assalin, CFA, Partner

HEAD OF EMERGING MARKETS DEBT TEAM

Any investment or strategy mentioned herein may not be appropriate for every investor. There can be no assurance that investment objectives will be met. Products and services listed are available only to residents of this jurisdiction and may only be available to certain categories of investors. The information on this website does not constitute an offer for products or services, or a solicitation of an offer to any persons outside of this jurisdiction who are prohibited from receiving such information under applicable laws and regulations. Nothing on this webpage should be construed as advice and is therefore not a recommendation to buy or sell shares.

Please carefully consider the William Blair Funds’ investment objectives, risks, charges, and expenses before investing. This and other information is contained in the Funds’ prospectus and summary prospectus, which you may obtain by calling 1-800-742-7272. Read the prospectus and summary prospectus carefully before investing. Investing includes the risk of loss.

The William Blair Funds are distributed by William Blair & Company, L.L.C., member FINRA/SIPC.

The William Blair SICAV is a Luxembourg investment company with variable capital registered with the Commission de Surveillance du Secteur Financier (“CSSF”) which qualifies as an undertaking for collective investment in transferable securities (“UCITS”). The Management Company of the SICAV has appointed William Blair Investment Management, LLC as the investment manager for the fund.

Please carefully consider the investment objectives, risks, charges, and expenses of the William Blair SICAV. This and other important information is contained in the prospectus and Key Investor Information Document (KIID). Read these documents carefully before investing. The information contained on this website is not a substitute for those documents or for professional external advice.

Investing involves risks, including the possible loss of principal. Equity securities may decline in value due to both real and perceived general market, economic, and industry conditions. The securities of smaller companies may be more volatile and less liquid than securities of larger companies. Investing in foreign denominated and/or domiciled securities may involve heightened risk due to currency fluctuations, and economic and political risks. These risks may be enhanced in emerging markets. Investing in the bond market is subject to certain risks including market, interest rate, issuer, credit, and inflation risk. High-yield, lower-rated, securities involve greater risk than higher-rated securities. Different investment styles may shift in and out of favor depending on market conditions. Diversification does not ensure against loss.

William Blair Investment Management, LLC is an investment adviser registered with the U.S. Securities and Exchange Commission.

Issued in the United Kingdom by William Blair International, Ltd., authorized and regulated by the Financial Conduct Authority (FCA), and is only directed at and is only made available to persons falling within articles 19, 38, 47, and 49 of the Financial Services and Markets Act of 2000 (Financial Promotion) Order 2005 (all such persons being referred to as "relevant persons").

Issued in the European Economic Area (EEA) by William Blair B.V., authorized and supervised by the Dutch Authority for the Financial Markets (AFM) under license number 14006134 and also supervised by the Dutch Central Bank (DNB), registered at the Dutch Chamber of Commerce under number 82375682 and has its statutory seat in Amsterdam, the Netherlands. This material is only intended for eligible counterparties and professional clients.

Issued in Switzerland by William Blair Investment Services (Zurich) GmbH, Talstrasse 65, 8001 Zurich, Switzerland ("WBIS"). WBIS is engaged in the offering of collective investment schemes and renders further, non-regulated services in the financial sector. WBIS is affiliated with FINOS Finanzomubdsstelle Schweiz, a recognized ombudsman office where clients may initiate mediation proceedings pursuant to articles 74 et seq. of the Swiss Financial Services Act ("FinSA"). The client advisers of WBIS are registered with regservices.ch by BX Swiss AG, a client adviser registration body authorized by the Swiss Financial Market Supervisory Authority ("FINMA"). WBIS is not supervised by FINMA or any other supervisory authority or self-regulatory organization. This material is only intended for institutional and professional clients pursuant to article 4(3) to (5) FinSA.

Issued in Australia by William Blair Investment Management, LLC (“William Blair”), which is exempt from the requirement to hold an Australian financial services license under Australia's Corporations Act 2001 (Cth). William Blair is registered as an investment advisor with the U.S. Securities and Exchange Commission (“SEC”) and regulated by the SEC under the U.S. Investment Advisers Act of 1940, which differs from Australian laws. This material is intended only for wholesale clients.

Issued in Singapore by William Blair International (Singapore) Pte. Ltd. (Registration Number 201943312R), which is regulated by the Monetary Authority of Singapore under a Capital Markets Services License to conduct fund management activities. This material is intended only for institutional investors and may not be distributed to retail investors.

Issued in Canada by William Blair Investment Management, LLC, which relies on the international adviser exemption, pursuant to section 8.26 of National Instrument 31-103 in Canada.

Investments

Insights

About

Emerging Markets Debt

What We Believe

Why This Matters

Resources

Featured Funds

Featured Strategies

Emerging Markets Debt Strategies

Emerging Markets Debt Fund Performance

Our Emerging Markets Debt Team

Contact Us

Contact Us

Investments

Insights

About

Our Emerging Markets Debt Team

Contact Us

Contact Us

Ticker and Fund Name	Share Class	Category	Overall Rating ▼	3-YR ▼	5-YR ▼	10-YR ▼	Fact Sheet
Emerging Markets Debt
WEDIX Emerging Markets Debt Fund	I	Emerging Markets Bond	Out of 220 funds	Out of 220 funds	-	-