# iShares MSCI Brazil UCITS ETF USD (Dist) (IBZL) **Source:** https://fundology.uk/fund/ibzl · ISIN IE00B0M63516 · Data: TradingView (LSE closes and returns, delayed), issuer documents, ONS CPIH, FCA FIRDS ## 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 30/09/2026, IBZL (iShares MSCI Brazil UCITS ETF USD (Dist), ISIN IE00B0M63516) closed at £22.23 on the London Stock Exchange. Its ongoing charge is 0.74% a year (about £74 on £10,000). Over the five years to 30/09/2026 its total return was +65.7%, or +29.5% after UK CPIH inflation. ## Summary iShares MSCI Brazil UCITS ETF USD (Dist) is an exchange-traded fund (ETF) from iShares, launched in 2005. It tracks the MSCI Brazil. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.74% a year — about £74 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is paid out to holders as cash, usually a few times a year. Latest close: **£22.23** (30/09/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | IBZL | | ISIN | IE00B0M63516 | | Category | Emerging markets | | Type | ETF | | Provider | iShares | | Tracks | MSCI Brazil | | Income | Distributing | | Ongoing charge | 0.74% a year (£74 per £10,000) | | Fund size | £288m | | Launched | 2005 | | Domicile | Ireland | ## Past returns (periods to 30/09/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | +24.38% | +20.47% | income reinvested | | 3 years | +27.28% | +14.85% | income reinvested | | 5 years | +65.71% | +29.54% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Calendar-year returns Calendar-year returns of iShares MSCI Brazil UCITS ETF USD (Dist) in pounds (price only, income paid out not included): 2022 +13.0%, 2023 +16.6%, 2024 −32.0%, 2025 +28.6%; 2026 to 30/09/2026 +17.0%. Returns of iShares MSCI Brazil UCITS ETF USD (Dist) in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +22.5%; to 30/09/2025: +3.6%; to 30/09/2024: −12.1%; to 30/09/2023: −2.1%; to 30/09/2022: +11.7%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | +13.0% | +3.4% | Price | | 2023 | +16.6% | +12.0% | Price | | 2024 | -32.0% | -34.3% | Price | | 2025 | +28.6% | +24.2% | Price | | 2026 to 30/09/2026 | +17.0% | +13.7% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 23.99% | -18.44% | | 3 years | 20.43% | -31.97% | | 5 years | 26.54% | -37.29% | ## Largest fall Volatility of iShares MSCI Brazil UCITS ETF USD (Dist) in pounds, annualised from weekly returns to 30/09/2026: 24.0% over 1 year, 20.4% over 3 years, 26.5% over 5 years. Largest fall in the price of iShares MSCI Brazil UCITS ETF USD (Dist) since October 2021, in pounds: −37.3% from 01/04/2022 to 27/12/2024. The lowest 12-month return of iShares MSCI Brazil UCITS ETF USD (Dist) in pounds (price only, income paid out not included) since January 2021 was −32.0% (12 months to 27/12/2024); the highest was +64.7% (12 months to 10/04/2026). On 30/09/2026 the price of iShares MSCI Brazil UCITS ETF USD (Dist) was 9.9% below its highest weekly close since October 2021 (17/04/2026), in pounds. ## Charges compared with similar funds Ongoing charge of iShares MSCI Brazil UCITS ETF USD (Dist) 0.74% a year, as of 01/10/2026: 10 of the 140 other emerging-market share funds charge more, 5 the same and 125 less (share classes counted once). ## Funds tracking the same index 3 funds track MSCI Brazil, this one included and share classes counted once; their ongoing charges range from 0.25% to 0.74% a year (30/09/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Amundi MSCI Brazil ETF Acc- Capitalisation | 0.65% | +25.2% | +30.4% | +72.6% | | iShares MSCI Brazil UCITS ETF USD (Dist) (this fund) | 0.74% | +24.4% | +27.3% | +65.7% | | Xtrackers MSCI BRAZIL UCITS ETF Capitalisation 1C | 0.25% | +25.3% | +30.7% | +72.5% | Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.74%** per year - ISA eligible: yes - SIPP eligible: yes --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.