# Invesco MSCI Emerging Markets Universal Screened UCITS ETF (ESES)

**Page:** https://fundology.uk/fund/eses · ISIN IE00BMDBMY19

## 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, ESES (Invesco MSCI Emerging Markets Universal Screened UCITS ETF, ISIN IE00BMDBMY19) closed at £41.27 on the London Stock Exchange. Its ongoing charge is 0.19% a year (about £19 on £10,000). Over the five years to 13/11/2026 its total return was +49.8%, or +17.0% after UK CPIH inflation.

## Summary

Invesco MSCI Emerging Markets Universal Screened UCITS ETF is an exchange-traded fund (ETF) from Invesco, launched in 2021. It tracks the MSCI EM Universal Select Business Screens Index - USD - Benchmark TR Net — 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 0.19% a year — about £19 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: **£41.27** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | ESES |
| ISIN | IE00BMDBMY19 |
| Also listed as | ESEM (London Stock Exchange, US dollars), ESGM (Xetra, euros) |
| Category | Emerging markets |
| Type | ETF |
| Provider | Invesco |
| Tracks | MSCI EM Universal Select Business Screens Index - USD - Benchmark TR Net |
| Income | Accumulating |
| Ongoing charge | 0.19% a year (£19 per £10,000) |
| Fund size | £128m |
| Launched | 2021 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 08/07/2021 |

## 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 | +18.94% | +14.73% | income reinvested |
| 3 years | +68.58% | +52.30% | income reinvested |
| 5 years | +49.84% | +16.96% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of Invesco MSCI Emerging Markets Universal Screened UCITS ETF in pounds (price, with income reinvested in the fund): 2022 −11.1%, 2023 +2.9%, 2024 +8.8%, 2025 +24.7%; 2026 to 13/11/2026 +18.1%. Returns of Invesco MSCI Emerging Markets Universal Screened UCITS ETF in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +34.0%; to 30/09/2025: +17.7%; to 30/09/2024: +13.4%; to 30/09/2023: +0.6%; to 30/09/2022: −11.5%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -11.1% | -18.7% | Price |
| 2023 | +2.9% | -1.2% | Price |
| 2024 | +8.8% | +5.1% | Price |
| 2025 | +24.7% | +20.4% | Price |
| 2026 to 13/11/2026 | +18.1% | +14.3% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 19.84% | -10.47% |
| 3 years | 15.56% | -11.73% |
| 5 years | 16.01% | -22.64% |

## Largest fall

Volatility of Invesco MSCI Emerging Markets Universal Screened UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 19.8% over 1 year, 15.6% over 3 years, 16.0% over 5 years. Largest fall in the price of Invesco MSCI Emerging Markets Universal Screened UCITS ETF since November 2021, in pounds: −21.1% from 19/11/2021 to 28/10/2022. The lowest 12-month return of Invesco MSCI Emerging Markets Universal Screened UCITS ETF in pounds (price, with income reinvested in the fund) since July 2021 was −19.4% (12 months to 28/10/2022); the highest was +57.8% (12 months to 19/06/2026). On 13/11/2026 the price of Invesco MSCI Emerging Markets Universal Screened UCITS ETF was 9.0% below its highest weekly close since November 2021 (19/06/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of Invesco MSCI Emerging Markets Universal Screened UCITS ETF 0.19% a year. Compared on 14/11/2026, 115 of the 151 other emerging-market share funds charge more, 8 the same and 28 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.19%** 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 12/11/2026, ESES holds 471 positions, according to its published holdings. The largest is TSMC at 5.18% of the fund; the ten largest make up 25.2%.

### Top holdings

Largest positions (as of 12/11/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | TSMC | [2330](https://fundology.uk/stock/2330) | 5.18% |
| 2 | SK hynix | [000660](https://fundology.uk/stock/000660) | 4.15% |
| 3 | Samsung Electronics | [005930](https://fundology.uk/stock/005930) | 3.97% |
| 4 | Tencent | [700](https://fundology.uk/stock/700) | 2.55% |
| 5 | China Construction Bank | [601939](https://fundology.uk/stock/601939) | 1.91% |
| 6 | Alibaba Group | [BABA](https://fundology.uk/stock/BABA) | 1.68% |
| 7 | HDFC Bank | [HDFCBANK](https://fundology.uk/stock/HDFCBANK) | 1.65% |
| 8 | ICICI Bank | [ICICIBANK](https://fundology.uk/stock/ICICIBANK) | 1.53% |
| 9 | MediaTek | [2454](https://fundology.uk/stock/2454) | 1.39% |
| 10 | Delta Electronics | [2308](https://fundology.uk/stock/2308) | 1.23% |

## Where it invests

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

### By country

Added up from the fund’s published holdings, as of 05/11/2026.

| Country | Weight |
|---|---|
| Taiwan | 19.5% |
| South Korea | 15.5% |
| Cayman Islands | 13.0% |
| India | 13.0% |
| China | 12.2% |
| South Africa | 4.7% |
| Brazil | 3.2% |
| Saudi Arabia | 3.1% |
| Other countries | 15.7% |
| Not classified | 0.1% |

### By type of asset

Added up from the fund’s published holdings, as of 05/11/2026.

| Type of asset | Weight |
|---|---|
| Equity | 99.9% |
| Cash and money market | 0.1% |

The 469 holdings on record (of 471 reported): https://fundology.uk/fund/eses/holdings

## Questions people ask

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

The ongoing charge of ESES is 0.19% a year — about £19 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 Invesco MSCI Emerging Markets Universal Screened UCITS ETF 0.19% a year. Compared on 14/11/2026, 115 of the 151 other emerging-market share funds charge more, 8 the same and 28 less (share classes counted once).

**What does ESES track?**

ESES tracks the MSCI EM Universal Select Business Screens Index - USD - Benchmark TR Net — companies in emerging economies such as China, India, Taiwan and Brazil.

**Is ESES accumulating or distributing?**

ESES 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 ESES?**

The ISIN of ESES is IE00BMDBMY19. An ISIN identifies one exact share class of a fund; ESES is its ticker on the London Stock Exchange. The same share class is also listed as ESEM (London Stock Exchange, US dollars) and ESGM (Xetra, euros).

**What does ESES hold?**

As of 12/11/2026, ESES holds 471 positions, according to its published holdings. The largest is TSMC at 5.18% of the fund; the ten largest make up 25.2%. Its ten largest holdings are TSMC (5.18%), SK hynix (4.15%), Samsung Electronics (3.97%), Tencent (2.55%), China Construction Bank (1.91%), Alibaba Group (1.68%), HDFC Bank (1.65%), ICICI Bank (1.53%), MediaTek (1.39%) and Delta Electronics (1.23%).

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

Calendar-year returns of ESES in pounds (price, with income reinvested in the fund): 2022 −11.1%, 2023 +2.9%, 2024 +8.8%, 2025 +24.7%; 2026 to 13/11/2026 +18.1%. Past performance is not a guide to future returns.

**How has ESES done after inflation?**

Over the five years to 13/11/2026 ESES’s total return was +49.8%, or +17.0% after UK CPIH inflation. Past performance is not a guide to future returns.

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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.