EMLC has a 0.47% expense ratio, a 5.08% 30-day SEC yield, an average maturity of 5.89 year and an effective duration of 6.75.

Credit rating allocations include AAA 5.8%, AA 0.4%, A 35.6%, BBB 30.8% and BB 11.8%. Country allocations include Brazil 10%, Poland 10%, South Africa 10%, Mexico 10%, Malaysia 9.6%, Turkey 9.1%, Indonesia 8.2%, Russia 7.4%, Thailand 6.3%, Hungary 5.7%, Colombia 4.3%, Peru 3.5%, Chile 3.0% and Philippines 3.0%.

The SPDR Barclays Capital Emerging Markets Local Bond ETF (NYSEArca: EBND) follows the Barclays Capital EM Local Currency Government Diversified Index.

EBND has a 0.50%, a 4.74% 30-day SEC yield, an average maturity of 6.62 years and a 4.82 duration.

Credit ratings include Aaa 2.4%, Aa 18.4%, A 27.6%, Baa 37.5% and below Baa 12.7%. Country weightings include Brazil 12.6%, South Korea 12.3%, Mexico 8.9%, Poland 7.9%, Malaysia 6.0%, Colombia 4.8%, South Africa 4.7%, Russia 4.7%, Czech Republic 4.7%, Turkey 4.6%, Indonesia 4.5%, Philippines 4.5%, Thailand 4.5%, Israel 4.4%, Hungary 3.6%, Egypt 3.2%, Peru 2.2% and Chile 1.8%.

The WisdomTree Emerging Markets Local Debt Fund (NYSEArca: ELD) is an actively managed fund. The fund managers favor countries that maintain healthy balance sheets.

ELD has a 0.55% expense ratio, a 3.96% 30-day SEC yield, an average 5.38 years to maturity and an effective duration of 4.45.

Credit qualities include AAA 12.8%, AA 3.1%, A 39.5%, BBB 21.5% and BB 12.0%. Country allocations include Mexico 10.5%, Brazil 10.4%, Malaysia 10.2%, Indonesia 10.1%, South Africa 7.2%, Poland 7.1%, Russia 7.1%, Thailand 6.9%, South Korea 6.9%, Turkey 6.9%, Chile 3.4%, Philippines 3.4%, Peru 3.4%, Colombia 3.4% and China 3.4%.

For more information on bond funds, visit our bond ETFs category.

Max Chen contributed to this article.

Full disclosure: Tom Lydon’s clients own EMB.