# iShares MSCI EM UCITS ETF USD (Dist) (IEEM)

**Page:** https://fundology.uk/fund/ieem · ISIN IE00B0M63177

## 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, IEEM (iShares MSCI EM UCITS ETF USD (Dist), ISIN IE00B0M63177) closed at £45.42 on the London Stock Exchange. Its ongoing charge is 0.18% a year (about £18 on £10,000). Over the five years to 13/11/2026 its total return was +40.8%, or +9.9% after UK CPIH inflation.

## Summary

iShares MSCI EM UCITS ETF USD (Dist) is an exchange-traded fund (ETF) from iShares, launched in 2005. It tracks the MSCI EM (Emerging Markets) — 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 0.18% a year — about £18 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: **£45.42** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | IEEM |
| ISIN | IE00B0M63177 |
| Also listed as | IDEM (London Stock Exchange, US dollars), IQQE (Xetra, euros) |
| Category | Emerging markets |
| Type | ETF |
| Provider | iShares |
| Tracks | MSCI EM (Emerging Markets) |
| Income | Distributing |
| Ongoing charge | 0.18% a year (£18 per £10,000) |
| Fund size | £7.0bn |
| Launched | 2005 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 12/06/2010 |

## 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 | +13.49% | +9.47% | income reinvested |
| 3 years | +63.74% | +47.93% | income reinvested |
| 5 years | +40.76% | +9.87% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of iShares MSCI EM UCITS ETF USD (Dist) in pounds (income reinvested to 10/07/2026, price only after): 2022 −10.3%, 2023 +3.4%, 2024 +10.3%, 2025 +26.9%; 2026 to 13/11/2026 +9.5%. Returns of iShares MSCI EM UCITS ETF USD (Dist) in pounds (income reinvested to 10/07/2026, price only after) over the 12 months to 30/09/2026: +26.4%; to 30/09/2025: +19.3%; to 30/09/2024: +16.2%; to 30/09/2023: +0.4%; to 30/09/2022: −11.6%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -10.3% | -17.9% | Income reinvested |
| 2023 | +3.4% | -0.7% | Income reinvested |
| 2024 | +10.3% | +6.6% | Income reinvested |
| 2025 | +26.9% | +22.5% | Income reinvested |
| 2026 to 13/11/2026 | +9.5% | +6.0% | Partly income reinvested |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 21.20% | -16.09% |
| 3 years | 16.77% | -16.09% |
| 5 years | 16.50% | -21.74% |

## Largest fall

Volatility of iShares MSCI EM UCITS ETF USD (Dist) in pounds, annualised from weekly returns to 13/11/2026: 21.2% over 1 year, 16.8% over 3 years, 16.5% over 5 years. Largest fall of iShares MSCI EM UCITS ETF USD (Dist) since November 2021, in pounds (income reinvested to 10/07/2026, price only after): −20.0% from 19/11/2021 to 28/10/2022. The lowest 12-month return of iShares MSCI EM UCITS ETF USD (Dist) in pounds (income reinvested to 10/07/2026, price only after) since July 2021 was −17.6% (12 months to 28/10/2022); the highest was +57.3% (12 months to 19/06/2026). On 13/11/2026 the price of iShares MSCI EM UCITS ETF USD (Dist) was 14.1% below its highest weekly close since November 2021 (19/06/2026), in pounds (income reinvested to 10/07/2026, price only after).

## Charges compared with similar funds

Ongoing charge of iShares MSCI EM UCITS ETF USD (Dist) 0.18% a year. Compared on 14/11/2026, 124 of the 151 other emerging-market share funds charge more, 11 the same and 16 less (share classes counted once).

## Funds tracking the same index

20 funds track MSCI EM (Emerging Markets), this one included and share classes counted once; their ongoing charges range from 0.09% to 0.55% a year (13/11/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Amundi Core MSCI Emerging Markets -UCITS ETF DR- Capitalisation | 0.18% | +11.8% | +59.0% | +37.7% |
| Amundi Core MSCI Emerging Markets -UCITS ETF DR- Distribution | 0.24% | +11.4% | +62.1% | +37.5% |
| Amundi MSCI Emerging Markets Swap -UCITS ETF USD C- Capitalisation | 0.20% | +13.7% | +63.6% | +40.6% |
| Amundi MSCI Emerging Markets Swap II UCITS ETF Act -USD Acc- | 0.55% | +11.5% | +61.8% | +35.6% |
| BNP PARIBAS EASY MSCI EMERGING Capitalisation -UCITS ETF- | 0.09% | — | — | — |
| HSBC MSCI Emerging Markets UCITS ETF | 0.15% | +13.7% | +62.6% | +39.9% |
| HSBC MSCI EMERGING MARKETS UCITS ETF AccumUSD | 0.15% | +13.7% | — | — |
| Invesco MSCI Emerging Markets UCITS ETF | 0.19% | +13.4% | +62.3% | +39.0% |
| iShares MSCI EM UCITS ETF USD (Acc) | 0.18% | +13.5% | +63.8% | +41.0% |
| iShares MSCI EM UCITS ETF USD (Dist) (this fund) | 0.18% | +13.5% | +63.7% | +40.8% |
| iShares VI PLC - iShares MSCI EM Swap UCITS ETF Accum- USD | 0.14% | — | — | — |
| Multi Units LU - Amundi MSCI Emerging Markets II | 0.14% | +13.7% | +64.1% | — |
| Multi Units LU - Amundi MSCI Emerging Markets II Acc | 0.14% | +14.3% | +64.2% | — |
| State Street SPDR MSCI Emerging Markets UCITS ETF Accum.Shs USD | 0.18% | +12.2% | +60.6% | +38.4% |
| UBS (Irl) Fund Solutions PLC - UBS MSCI EM SF UCITS ETF Accum Shs USD | 0.14% | +13.6% | +58.7% | +40.7% |
| UBS ETF SICAV - UBS ETF - MSCI Emerging Markets UCITS ETF A Distribution | 0.15% | +11.9% | +64.0% | +39.7% |
| Xtrackers MSCI Emerging Markets Swap UCITS ETF | 0.12% | +14.2% | — | — |
| Xtrackers MSCI Emerging Markets Swap UCITS ETF Capitalisation 1C | 0.12% | +13.5% | +62.6% | +39.3% |
| Xtrackers MSCI Emerging Markets UCITS ETF | 0.18% | +13.5% | +63.6% | +40.3% |
| Xtrackers MSCI Emerging Markets UCITS ETF USD | 0.18% | +14.1% | +63.7% | — |

Returns are as reported, in pounds, income reinvested unless marked "(price)".

## Charges & eligibility

- Ongoing charges figure (OCF): **0.18%** 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, IEEM holds 1,133 positions, according to its published holdings. The largest is TSMC at 14.76% of the fund; the ten largest make up 35.6%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | TSMC | [2330](https://fundology.uk/stock/2330) | 14.76% |
| 2 | Samsung Electronics | [005930](https://fundology.uk/stock/005930) | 5.97% |
| 3 | SK hynix | [000660](https://fundology.uk/stock/000660) | 4.23% |
| 4 | Tencent | [700](https://fundology.uk/stock/700) | 3.02% |
| 5 | Alibaba Group | [BABA](https://fundology.uk/stock/BABA) | 2.06% |
| 6 | Ishares MSCI Brazil Ucits et Usdha | — | 1.47% |
| 7 | MediaTek | [2454](https://fundology.uk/stock/2454) | 1.37% |
| 8 | China Construction Bank | [601939](https://fundology.uk/stock/601939) | 1.04% |
| 9 | HDFC Bank | [HDFCBANK](https://fundology.uk/stock/HDFCBANK) | 0.88% |
| 10 | Samsung Electronics | [005930](https://fundology.uk/stock/005930) | 0.82% |

## 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 | 37.2% |
| Financials | 21.5% |
| Consumer Discretionary | 8.5% |
| Communication Services | 6.6% |
| Industrials | 6.0% |
| Materials | 5.8% |
| Energy | 3.4% |
| Health Care | 3.0% |
| Other sectors | 8.1% |

### By country

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

| Country | Weight |
|---|---|
| Taiwan | 26.3% |
| China | 21.9% |
| South Korea | 17.2% |
| India | 13.2% |
| Brazil | 4.0% |
| South Africa | 3.4% |
| Saudi Arabia | 1.9% |
| Mexico | 1.9% |
| Other countries | 10.2% |

### By type of asset

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

| Type of asset | Weight |
|---|---|
| Equity | 99.4% |
| Cash and money market | 0.6% |

The 969 holdings on record (of 1,133 reported): https://fundology.uk/fund/ieem/holdings

## Questions people ask

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

The ongoing charge of IEEM is 0.18% a year — about £18 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 EM UCITS ETF USD (Dist) 0.18% a year. Compared on 14/11/2026, 124 of the 151 other emerging-market share funds charge more, 11 the same and 16 less (share classes counted once).

**What does IEEM track?**

IEEM tracks the MSCI EM (Emerging Markets) — companies in emerging economies such as China, India, Taiwan and Brazil.

**Is IEEM accumulating or distributing?**

IEEM is distributing: income is paid out to holders as cash, usually a few times a year. It pays out quarterly.

**What is the ISIN of IEEM?**

The ISIN of IEEM is IE00B0M63177. An ISIN identifies one exact share class of a fund; IEEM is its ticker on the London Stock Exchange. The same share class is also listed as IDEM (London Stock Exchange, US dollars) and IQQE (Xetra, euros).

**What does IEEM hold?**

As of 06/11/2026, IEEM holds 1,133 positions, according to its published holdings. The largest is TSMC at 14.76% of the fund; the ten largest make up 35.6%. Its ten largest holdings are TSMC (14.76%), Samsung Electronics (5.97%), SK hynix (4.23%), Tencent (3.02%), Alibaba Group (2.06%), Ishares MSCI Brazil Ucits et Usdha (1.47%), MediaTek (1.37%), China Construction Bank (1.04%), HDFC Bank (0.88%) and Samsung Electronics (0.82%).

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

Calendar-year returns of IEEM in pounds (income reinvested to 10/07/2026, price only after): 2022 −10.3%, 2023 +3.4%, 2024 +10.3%, 2025 +26.9%; 2026 to 13/11/2026 +9.5%. Past performance is not a guide to future returns.

**How has IEEM done after inflation?**

Over the five years to 13/11/2026 IEEM’s total return was +40.8%, or +9.9% 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/251857/ishares-msci-emerging-markets-ucits-etf-inc-fund)
- [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-msci-emerging-markets-ucits-etf-dist-gb-ie00b0m63177-en.pdf)
- [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/ieem-ishares-msci-em-ucits-etf-usd-dist-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.