# iShares MSCI EM Latin America UCITS ETF USD (LTAM)

**Page:** https://fundology.uk/fund/ltam · ISIN IE00B27YCK28

## 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, 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.

## Summary

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.

Latest close: **£14.85** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | LTAM |
| ISIN | IE00B27YCK28 |
| Also listed as | DLTM (London Stock Exchange, US dollars), IUSC (Xetra, euros) |
| Category | Emerging markets |
| Type | ETF |
| Provider | iShares |
| Tracks | MSCI EM Latin America 10-40 |
| Income | Distributing |
| Ongoing charge | 0.20% a year (£20 per £10,000) |
| Fund size | £1.4bn |
| Launched | 2007 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 10/07/2010 |

## 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 | +7.61% | +3.80% | income reinvested |
| 3 years | +28.39% | +16.00% | income reinvested |
| 5 years | +74.07% | +35.87% | income reinvested |

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

## Calendar-year 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 CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | +13.1% | +3.6% | Price |
| 2023 | +20.3% | +15.5% | Price |
| 2024 | -28.6% | -31.1% | Price |
| 2025 | +37.8% | +33.1% | Price |
| 2026 to 13/11/2026 | +6.2% | +2.8% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 26.29% | -17.08% |
| 3 years | 20.10% | -28.80% |
| 5 years | 22.63% | -29.54% |

## Largest fall

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.

## Charges compared with similar funds

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).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.20%** 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, 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%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Ishares MSCI Brazil Ucits et Usdha | — | 7.65% |
| 2 | Nu · Class A | [NU](https://fundology.uk/stock/NU) | 5.02% |
| 3 | Cia Vale Do Rio Doce Sh | — | 4.92% |
| 4 | Gpo Finance Banorte | — | 4.91% |
| 5 | Itau Unibanco | [ITUB3](https://fundology.uk/stock/ITUB3) | 4.60% |
| 6 | Grupo Mexico S.A.B. de C.V | [GMEXICO/B](https://fundology.uk/stock/GMEXICO%2FB) | 4.55% |
| 7 | Petroleo Brasileiro | [PETR3](https://fundology.uk/stock/PETR3) | 3.28% |
| 8 | Credicorp | [BAP](https://fundology.uk/stock/BAP) | 3.12% |
| 9 | Petroleo Brasileiro | [PETR3](https://fundology.uk/stock/PETR3) | 2.98% |
| 10 | Fomento Economico Mexicano | — | 2.88% |

## 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 |
|---|---|
| Financials | 32.2% |
| Materials | 18.4% |
| Consumer Staples | 11.0% |
| Industrials | 8.5% |
| Other funds | 7.7% |
| Energy | 7.3% |
| Utilities | 6.5% |
| Communication Services | 3.4% |
| Other sectors | 5.0% |

### By country

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

| Country | Weight |
|---|---|
| Brazil | 55.5% |
| Mexico | 28.7% |
| Chile | 6.5% |
| Peru | 5.8% |
| Colombia | 2.7% |
| Cash and derivatives | 0.7% |

### By type of asset

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

| Type of asset | Weight |
|---|---|
| Equity | 99.3% |
| Cash and money market | 0.7% |

All 88 holdings: https://fundology.uk/fund/ltam/holdings

## 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.

## Fund documents

- [Fund page at iShares](https://www.ishares.com/uk/individual/en/products/251856/ishares-msci-em-latin-america-ucits-etf-inc-fund)
- [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-msci-em-latin-america-ucits-etf-usd-dist-gb-ie00b27yck28-en.pdf)
- [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/ltam-ishares-msci-em-latin-america-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.