# iShares MSCI Mexico Capped UCITS ETF (CMX1)

**Page:** https://fundology.uk/fund/cmx1 · ISIN IE00B5WHFQ43

## At a glance

> Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.

As of 13/11/2026, CMX1 (iShares MSCI Mexico Capped UCITS ETF, ISIN IE00B5WHFQ43) closed at £171.43 on the London Stock Exchange. Its ongoing charge is 0.65% a year (about £65 on £10,000). Over the five years to 13/11/2026 its total return was +84.9%, or +44.3% after UK CPIH inflation.

## Summary

iShares MSCI Mexico Capped UCITS ETF is an exchange-traded fund (ETF) from iShares, launched in 2010. It tracks the MSCI Mexico Capped Index. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.65% a year — about £65 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

Latest close: **£171.43** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | CMX1 |
| ISIN | IE00B5WHFQ43 |
| Also listed as | CMXC (London Stock Exchange, US dollars) |
| Category | Emerging markets |
| Type | ETF |
| Provider | iShares |
| Tracks | MSCI Mexico Capped Index |
| Income | Accumulating |
| Ongoing charge | 0.65% a year (£65 per £10,000) |
| Fund size | £91.0m |
| Launched | 2010 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 21/07/2010 |

## Past returns (periods to 13/11/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | +15.41% | +11.32% | income reinvested |
| 3 years | +39.11% | +25.68% | income reinvested |
| 5 years | +84.93% | +44.35% | income reinvested |

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of iShares MSCI Mexico Capped UCITS ETF in pounds (price, with income reinvested in the fund): 2022 +10.6%, 2023 +30.2%, 2024 −25.7%, 2025 +43.9%; 2026 to 13/11/2026 +15.5%. Returns of iShares MSCI Mexico Capped UCITS ETF in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +13.6%; to 30/09/2025: +26.5%; to 30/09/2024: −11.0%; to 30/09/2023: +20.6%; to 30/09/2022: +14.0%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | +10.6% | +1.3% | Price |
| 2023 | +30.2% | +25.0% | Price |
| 2024 | -25.7% | -28.2% | Price |
| 2025 | +43.9% | +39.0% | Price |
| 2026 to 13/11/2026 | +15.5% | +11.8% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 19.27% | -12.83% |
| 3 years | 19.46% | -28.47% |
| 5 years | 20.77% | -28.47% |

## Largest fall

Volatility of iShares MSCI Mexico Capped UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 19.3% over 1 year, 19.5% over 3 years, 20.8% over 5 years. Largest fall in the price of iShares MSCI Mexico Capped UCITS ETF since November 2021, in pounds: −28.5% from 05/04/2024 to 03/01/2025. The lowest 12-month return of iShares MSCI Mexico Capped UCITS ETF in pounds (price, with income reinvested in the fund) since January 2021 was −26.0% (12 months to 04/04/2025); the highest was +62.7% (12 months to 10/04/2026). On 13/11/2026 the price of iShares MSCI Mexico Capped UCITS ETF was 1.0% below its highest weekly close since November 2021 (27/02/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of iShares MSCI Mexico Capped UCITS ETF 0.65% a year. Compared on 14/11/2026, 21 of the 151 other emerging-market share funds charge more, 12 the same and 118 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.65%** per year (as of 13/11/2026)
- Stocks and shares ISA eligible: usually (check with your platform)
- SIPP eligible: usually (check with your provider)
- ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify.

## What it holds

As of 06/11/2026, CMX1 holds 21 positions, according to its published holdings. The largest is Grupo Mexico S.A.B. de C.V at 16.55% of the fund; the ten largest make up 78.1%.

### Top holdings

Largest positions (as of 06/11/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Grupo Mexico S.A.B. de C.V | [GMEXICO/B](https://fundology.uk/stock/GMEXICO%2FB) | 16.55% |
| 2 | Gpo Finance Banorte | — | 12.92% |
| 3 | Fomento Economico Mexicano | — | 10.48% |
| 4 | America Movil | [AMX/B](https://fundology.uk/stock/AMX%2FB) | 9.33% |
| 5 | Cemex Cpo | — | 7.93% |
| 6 | Walmart de Mexico V | — | 6.65% |
| 7 | Grupo Aeroportuario del Pacifico | [GAP/B](https://fundology.uk/stock/GAP%2FB) | 4.31% |
| 8 | Indust Penoles | — | 3.97% |
| 9 | Arca Continental | [AC](https://fundology.uk/stock/BMV:AC) | 3.10% |
| 10 | Coca-Cola Femsa Class Ubl Units | — | 2.89% |

## Where it invests

Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.

### By sector

As published for the fund, as of 06/11/2026.

| Sector | Weight |
|---|---|
| Consumer Staples | 30.0% |
| Materials | 28.5% |
| Financials | 14.7% |
| Industrials | 12.0% |
| Communication Services | 9.3% |
| Real Estate | 5.0% |
| Cash and derivatives | 0.6% |

### By type of asset

Added up from the fund’s published holdings, as of 06/11/2026.

| Type of asset | Weight |
|---|---|
| Equity | 99.5% |
| Cash and money market | 0.6% |

All 22 holdings: https://fundology.uk/fund/cmx1/holdings

## Questions people ask

**What is the ongoing charge of CMX1?**

The ongoing charge of CMX1 is 0.65% a year — about £65 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of iShares MSCI Mexico Capped UCITS ETF 0.65% a year. Compared on 14/11/2026, 21 of the 151 other emerging-market share funds charge more, 12 the same and 118 less (share classes counted once).

**What does CMX1 track?**

CMX1 tracks the MSCI Mexico Capped Index.

**Is CMX1 accumulating or distributing?**

CMX1 is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

**What is the ISIN of CMX1?**

The ISIN of CMX1 is IE00B5WHFQ43. An ISIN identifies one exact share class of a fund; CMX1 is its ticker on the London Stock Exchange. The same share class is also listed as CMXC (London Stock Exchange, US dollars).

**What does CMX1 hold?**

As of 06/11/2026, CMX1 holds 21 positions, according to its published holdings. The largest is Grupo Mexico S.A.B. de C.V at 16.55% of the fund; the ten largest make up 78.1%. Its ten largest holdings are Grupo Mexico S.A.B. de C.V (16.55%), Gpo Finance Banorte (12.92%), Fomento Economico Mexicano (10.48%), America Movil (9.33%), Cemex Cpo (7.93%), Walmart de Mexico V (6.65%), Grupo Aeroportuario del Pacifico (4.31%), Indust Penoles (3.97%), Arca Continental (3.10%) and Coca-Cola Femsa Class Ubl Units (2.89%).

**What were CMX1’s returns in each of the last five years?**

Calendar-year returns of CMX1 in pounds (price, with income reinvested in the fund): 2022 +10.6%, 2023 +30.2%, 2024 −25.7%, 2025 +43.9%; 2026 to 13/11/2026 +15.5%. Past performance is not a guide to future returns.

**How has CMX1 done after inflation?**

Over the five years to 13/11/2026 CMX1’s total return was +84.9%, or +44.3% after UK CPIH inflation. Past performance is not a guide to future returns.

## Fund documents

- [Fund page at iShares](https://www.ishares.com/uk/individual/en/products/253734/ishares-msci-mexico-capped-ucits-etf)
- [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-msci-mexico-capped-ucits-etf-usd-acc-gb-ie00b5whfq43-en.pdf)
- [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/cebg-ishares-msci-mexico-capped-ucits-etf-fund-fact-sheet-en-gb.pdf)
- Links checked 12/10/2026.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.