ETF · iShares
LTAM iShares MSCI EM Latin America UCITS ETF USD
ISIN IE00B27YCK28London Stock Exchange: LTAMBlackRock, Inc.
- Emerging markets
- ETF
- ISA
- SIPP
- Distributing
Latest close
LSE£14.85
on
- Ongoing charge
- 0.20% a year
- Fund size
- £1.4bn
As of , at least 15 min delayed
At a glance
As of 13/11/2026, LTAM (iShares MSCI EM Latin America UCITS ETF USD, ISIN IE00B27YCK28) closed at £14.85 on the London Stock Exchange. Its ongoing charge is 0.20% a year (about £20 on £10,000). Over the five years to 13/11/2026 its total return was +74.1%, or +35.9% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- +7.6%
- +3.8% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +28.4%
- +16.0% after inflation (UK CPIH)
- 5 years to 13/11/2026
- +74.1%
- +35.9% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £1,741 on 13/11/2026 — about £1,359 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.
Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of iShares MSCI EM Latin America UCITS ETF USD in pounds (price only, income paid out not included): 2022 +13.1%, 2023 +20.3%, 2024 −28.6%, 2025 +37.8%; 2026 to 13/11/2026 +6.2%. Returns of iShares MSCI EM Latin America UCITS ETF USD in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +23.1%; to 30/09/2025: +10.4%; to 30/09/2024: −9.9%; to 30/09/2023: +2.7%; to 30/09/2022: +14.5%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +6.2% | +2.8% | |
| to | +37.8% | +33.1% | |
| to | −28.6% | −31.1% | |
| +20.3% | +15.5% | ||
| +13.1% | +3.6% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +23.1% | +18.7% |
| from | +10.4% | +6.1% |
| from | −9.9% | −12.1% |
| from | +2.7% | −3.4% |
| from | +14.5% | +5.2% |
As of , inflation: UK CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
22.6%over 5 years
| 1 year | 26.3% |
|---|---|
| 3 years | 20.1% |
| 5 years | 22.6% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 2021
- −29.5%
- From to
- Lowest 12-month return
- −28.8%
- 12 months to
- Highest 12-month return
- +65.6%
- 12 months to
- Below its highest weekly close since November 2021
- 15.2%
- High of , latest
In words: Volatility of iShares MSCI EM Latin America UCITS ETF USD in pounds, annualised from weekly returns to 13/11/2026: 26.3% over 1 year, 20.1% over 3 years, 22.6% over 5 years. Largest fall in the price of iShares MSCI EM Latin America UCITS ETF USD since November 2021, in pounds: −29.5% from 04/11/2022 to 27/12/2024. The lowest 12-month return of iShares MSCI EM Latin America UCITS ETF USD in pounds (price only, income paid out not included) since January 2021 was −28.8% (12 months to 27/12/2024); the highest was +65.6% (12 months to 10/04/2026). On 13/11/2026 the price of iShares MSCI EM Latin America UCITS ETF USD was 15.2% below its highest weekly close since November 2021 (09/10/2026), in pounds.
As of , price only — income paid out is not included
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.20%
- a year
- On £10,000
- £20
- a year, roughly
- Over five years
- £100
- of £10,000, before growth
- 37 charge less
- 4 the same
- 110 charge more
Ongoing charge of iShares MSCI EM Latin America UCITS ETF USD 0.20% a year. Compared on 14/11/2026, 110 of the 151 other emerging-market share funds charge more, 4 the same and 37 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
iShares MSCI EM Latin America UCITS ETF USD is an exchange-traded fund (ETF) from iShares, launched in 2007.
It tracks the MSCI EM Latin America 10-40 — 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 0.2% a year — about £20 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.
Emerging markets: Companies in faster-growing but less mature economies such as China, India, Taiwan and Brazil. Prices tend to move more.
Terms:ETFIndex fundUCITSAccumulating or incomeShare classISIN
Key facts
- Ticker
- LTAM
- ISIN
- IE00B27YCK28
- Also listed as
- DLTM (London Stock Exchange, US dollars), IUSC (Xetra, euros)
- Provider
- iShares
- Tracks
- MSCI EM Latin America 10-40
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Distributing, paid semi-annual
- Income is paid out to holders as cash, usually a few times a year.
- Ongoing charge
- 0.20% a year · about £20 on £10,000
- Fund size
- £1.4bn
- Launched
- Domicile
- Ireland
- UK reporting fund status
- Yes — on HMRC’s list of reporting funds (list of )
- Reporting fund since . What reporting fund status means
- Can usually be held in
- ISA and SIPP
- Check with your platform: each decides which funds it offers.
- Currency hedged
- No
- Price currency
- Pounds (GBP)
- Category
- Emerging markets
Price chart
Over the last year, the closing price went from £13.95 on 14/11/2025 to £14.85 on 13/11/2026 (+6.5%). The lowest close shown was £13.79 on 21/11/2025 and the highest £17.51 on 09/10/2026.
One close a week. Before 31/07/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded. Price only — income paid out is not included, so the line can end below the total return above.
As of , at least 15 min delayed
Five years of prices, and after inflation
262 weekly closes, from 12/11/2021 to 13/11/2026. The same history in November 2026 pounds, adjusted with CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
Sign-up takes an email address. There is no card to enter and nothing to pay.
How we work it out:Prices and returnsNAV and price
What it holds
- Holdings
- 88
- on record
- Ten largest
- 43.9%
- of the whole fund
- Effective number of holdings
- 37
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 7.7%
- Ishares MSCI Brazil Ucits et Usdha
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | Ishares MSCI Brazil Ucits et UsdhaFinancials | 7.65% |
| 2 | Nu · Class ANUFinancials | 5.02% |
| 3 | Cia Vale Do Rio Doce ShMaterials | 4.92% |
| 4 | Gpo Finance BanorteFinancials | 4.91% |
| 5 | Itau UnibancoITUB3Financials | 4.60% |
| 6 | Grupo Mexico S.A.B. de C.VGMEXICO/BMaterials | 4.55% |
| 7 | Petroleo BrasileiroPETR3Energy | 3.28% |
| 8 | CredicorpBAPFinancials | 3.12% |
| 9 | Petroleo BrasileiroPETR3Energy | 2.98% |
| 10 | Fomento Economico MexicanoConsumer Staples | 2.88% |
As of , holdings as published
Where it invests
The portfolio by sector, country and type of asset, as a share of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.
By sector
- Financials32.2%
- Materials18.4%
- Consumer Staples11.0%
- Industrials8.5%
- Other funds7.7%
- Energy7.3%
- Utilities6.5%
- Communication Services3.4%
- Other sectors5.0%
By country
- Brazil55.5%
- Mexico28.7%
- Chile6.5%
- Peru5.8%
- Colombia2.7%
- Cash and derivatives0.7%
By type of asset
- Equity99.3%
- Cash and money market0.7%
See the full portfolio
Every holding with search and filters, the whole breakdown by sector, country and type of asset, a map of the 88 largest and what changed since .
More of the portfolio
The fund publishes 83 holdings; the ten largest make up 43.9% of it. The fund's portfolio is also split by currency.
Create a free account to see the full holdings list and the currency, maturity and credit-quality breakdowns
Sign-up takes an email address. There is no card to enter and nothing to pay.
Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1, 3 and 5 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 254 rolling 12-month returns since January 2021, and of 150 rolling three-year returns, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 largest falls since November 2021, in pounds, with how many weeks each took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios, every rolling return and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Rank among similar funds
Rank by total return over 1, 3 and 5 years among up to 142 emerging-market share funds, not currency-hedged, highest first.
ProMoves compared with a similar fund
Correlation and beta of weekly returns in pounds against iShares Core MSCI EM IMI UCITS ETF, over the three years to 13/11/2026 (156 weeks).
Pro
Pro — currently by invitation
Pro includes the rank among similar funds and moves against a comparable fund
Pro is open by invitation while it is being built. There is nothing to buy. To ask about access, email [email protected].
Questions people ask
What is the ongoing charge of LTAM?
The ongoing charge of LTAM is 0.20% a year — about £20 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 Latin America UCITS ETF USD 0.20% a year. Compared on 14/11/2026, 110 of the 151 other emerging-market share funds charge more, 4 the same and 37 less (share classes counted once).
What does LTAM track?
LTAM tracks the MSCI EM Latin America 10-40 — companies in emerging economies such as China, India, Taiwan and Brazil.
Is LTAM accumulating or distributing?
LTAM is distributing: income is paid out to holders as cash, usually a few times a year. It pays out semi-annual.
What is the ISIN of LTAM?
The ISIN of LTAM is IE00B27YCK28. An ISIN identifies one exact share class of a fund; LTAM is its ticker on the London Stock Exchange. The same share class is also listed as DLTM (London Stock Exchange, US dollars) and IUSC (Xetra, euros).
What does LTAM hold?
As of 06/11/2026, LTAM holds 83 positions, according to its published holdings. The largest is Ishares MSCI Brazil Ucits et Usdha at 7.65% of the fund; the ten largest make up 43.9%. Its ten largest holdings are Ishares MSCI Brazil Ucits et Usdha (7.65%), Nu · Class A (5.02%), Cia Vale Do Rio Doce Sh (4.92%), Gpo Finance Banorte (4.91%), Itau Unibanco (4.60%), Grupo Mexico S.A.B. de C.V (4.55%), Petroleo Brasileiro (3.28%), Credicorp (3.12%), Petroleo Brasileiro (2.98%) and Fomento Economico Mexicano (2.88%).
What were LTAM’s returns in each of the last five years?
Calendar-year returns of LTAM in pounds (price only, income paid out not included): 2022 +13.1%, 2023 +20.3%, 2024 −28.6%, 2025 +37.8%; 2026 to 13/11/2026 +6.2%. Past performance is not a guide to future returns.
How has LTAM done after inflation?
Over the five years to 13/11/2026 LTAM’s total return was +74.1%, or +35.9% after UK CPIH inflation. Past performance is not a guide to future returns.
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Fund documents and methods
- Fund documents
- Fund page at iShares · Key investor information document (KIID) · Factsheet (links checked )
Methodology:ReturnsCategoriesAll methods
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