# iShares Edge MSCI EM Minimum Volatility UCITS ETF (EMV)

**Page:** https://fundology.uk/fund/emv · ISIN IE00B8KGV557

## 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, EMV (iShares Edge MSCI EM Minimum Volatility UCITS ETF, ISIN IE00B8KGV557) closed at £32.76 on the London Stock Exchange. Its ongoing charge is 0.40% a year (about £40 on £10,000). Over the five years to 13/11/2026 its total return was +28.5%, or +0.3% after UK CPIH inflation.

## Summary

iShares Edge MSCI EM Minimum Volatility UCITS ETF is an exchange-traded fund (ETF) from iShares, launched in 2012. It tracks the MSCI EM Minimum Volatility (USD) — companies in emerging economies such as China, India, Taiwan and Brazil. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.4% a year — about £40 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: **£32.76** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | EMV |
| ISIN | IE00B8KGV557 |
| Also listed as | EMMV (London Stock Exchange, US dollars), EUNZ (Xetra, euros) |
| Category | Emerging markets |
| Type | ETF |
| Provider | iShares |
| Tracks | MSCI EM Minimum Volatility (USD) |
| Income | Accumulating |
| Ongoing charge | 0.40% a year (£40 per £10,000) |
| Fund size | £360m |
| Launched | 2012 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 30/11/2012 |

## 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 | +10.62% | +6.70% | income reinvested |
| 3 years | +36.55% | +23.37% | income reinvested |
| 5 years | +28.46% | +0.27% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of iShares Edge MSCI EM Minimum Volatility UCITS ETF in pounds (price, with income reinvested in the fund): 2022 −4.2%, 2023 +1.4%, 2024 +11.7%, 2025 +4.8%; 2026 to 13/11/2026 +13.4%. Returns of iShares Edge MSCI EM Minimum Volatility UCITS ETF in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +20.6%; to 30/09/2025: +3.2%; to 30/09/2024: +11.6%; to 30/09/2023: −1.5%; to 30/09/2022: +0.1%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -4.2% | -12.3% | Price |
| 2023 | +1.4% | -2.6% | Price |
| 2024 | +11.7% | +7.9% | Price |
| 2025 | +4.8% | +1.2% | Price |
| 2026 to 13/11/2026 | +13.4% | +9.8% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 14.55% | -8.80% |
| 3 years | 10.78% | -8.80% |
| 5 years | 10.59% | -9.12% |

## Largest fall

Volatility of iShares Edge MSCI EM Minimum Volatility UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 14.6% over 1 year, 10.8% over 3 years, 10.6% over 5 years. Largest fall in the price of iShares Edge MSCI EM Minimum Volatility UCITS ETF since November 2021, in pounds: −8.8% from 19/06/2026 to 06/11/2026. The lowest 12-month return of iShares Edge MSCI EM Minimum Volatility UCITS ETF in pounds (price, with income reinvested in the fund) since January 2021 was −8.4% (12 months to 18/08/2023); the highest was +30.0% (12 months to 19/06/2026). On 13/11/2026 the price of iShares Edge MSCI EM Minimum Volatility UCITS ETF was 6.9% below its highest weekly close since November 2021 (19/06/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of iShares Edge MSCI EM Minimum Volatility UCITS ETF 0.40% a year. Compared on 14/11/2026, 70 of the 151 other emerging-market share funds charge more, 6 the same and 75 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.40%** per year
- 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, EMV holds 297 positions, according to its published holdings. The largest is Tata Consultancy Services at 1.77% of the fund; the ten largest make up 14.9%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Tata Consultancy Services | [TCS](https://fundology.uk/stock/TCS) | 1.77% |
| 2 | Bank of China | [601988](https://fundology.uk/stock/601988) | 1.71% |
| 3 | Saudi Arabian Oil | [2222](https://fundology.uk/stock/TADAWUL:2222) | 1.56% |
| 4 | Chunghwa Telecom | [2412](https://fundology.uk/stock/2412) | 1.51% |
| 5 | Industrial and Commercial Bank of China | [601398](https://fundology.uk/stock/601398) | 1.51% |
| 6 | TSMC | [2330](https://fundology.uk/stock/2330) | 1.42% |
| 7 | Samsung Electronics | [005930](https://fundology.uk/stock/005930) | 1.41% |
| 8 | Bharti Airtel | [BHARTIARTL](https://fundology.uk/stock/BHARTIARTL) | 1.35% |
| 9 | Samsung SDI | [006400](https://fundology.uk/stock/006400) | 1.35% |
| 10 | Taiwan Cooperative Financial | [5880](https://fundology.uk/stock/5880) | 1.27% |

## 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 |
|---|---|
| Information Technology | 31.5% |
| Financials | 22.3% |
| Communication Services | 12.0% |
| Consumer Staples | 6.3% |
| Health Care | 6.3% |
| Consumer Discretionary | 4.8% |
| Utilities | 4.7% |
| Energy | 4.4% |
| Other sectors | 7.8% |

### By country

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

| Country | Weight |
|---|---|
| Taiwan | 20.5% |
| China | 20.2% |
| India | 18.6% |
| South Korea | 13.6% |
| Saudi Arabia | 7.0% |
| United Arab Emirates | 3.7% |
| Malaysia | 2.5% |
| Brazil | 1.7% |
| Other countries | 12.2% |

### 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 | 0.5% |

The 292 holdings on record (of 297 reported): https://fundology.uk/fund/emv/holdings

## Questions people ask

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

The ongoing charge of EMV is 0.40% a year — about £40 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 Edge MSCI EM Minimum Volatility UCITS ETF 0.40% a year. Compared on 14/11/2026, 70 of the 151 other emerging-market share funds charge more, 6 the same and 75 less (share classes counted once).

**What does EMV track?**

EMV tracks the MSCI EM Minimum Volatility (USD) — companies in emerging economies such as China, India, Taiwan and Brazil.

**Is EMV accumulating or distributing?**

EMV 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 EMV?**

The ISIN of EMV is IE00B8KGV557. An ISIN identifies one exact share class of a fund; EMV is its ticker on the London Stock Exchange. The same share class is also listed as EMMV (London Stock Exchange, US dollars) and EUNZ (Xetra, euros).

**What does EMV hold?**

As of 06/11/2026, EMV holds 297 positions, according to its published holdings. The largest is Tata Consultancy Services at 1.77% of the fund; the ten largest make up 14.9%. Its ten largest holdings are Tata Consultancy Services (1.77%), Bank of China (1.71%), Saudi Arabian Oil (1.56%), Chunghwa Telecom (1.51%), Industrial and Commercial Bank of China (1.51%), TSMC (1.42%), Samsung Electronics (1.41%), Bharti Airtel (1.35%), Samsung SDI (1.35%) and Taiwan Cooperative Financial (1.27%).

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

Calendar-year returns of EMV in pounds (price, with income reinvested in the fund): 2022 −4.2%, 2023 +1.4%, 2024 +11.7%, 2025 +4.8%; 2026 to 13/11/2026 +13.4%. Past performance is not a guide to future returns.

**How has EMV done after inflation?**

Over the five years to 13/11/2026 EMV’s total return was +28.5%, or +0.3% 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/251380/ishares-msci-emerging-markets-minimum-volatility-ucits-etf)
- [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-edge-msci-em-minimum-volatility-ucits-etf-usd-acc-gb-ie00b8kgv557-en.pdf)
- [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/emmv-ishares-edge-msci-em-minimum-volatility-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.