# Xtrackers MSCI Emerging Markets Swap UCITS ETF Capitalisation 1C (XMEM) **Page:** https://fundology.uk/fund/xmem · ISIN LU0292107645 ## 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, XMEM (Xtrackers MSCI Emerging Markets Swap UCITS ETF Capitalisation 1C, ISIN LU0292107645) closed at £57.81 on the London Stock Exchange. Its ongoing charge is 0.12% a year (about £12 on £10,000). Over the five years to 13/11/2026 its total return was +39.3%, or +8.7% after UK CPIH inflation. ## Summary Xtrackers MSCI Emerging Markets Swap UCITS ETF Capitalisation 1C is an exchange-traded fund (ETF) from Xtrackers, launched in 2007. 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 0.12% a year — about £12 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: **£57.81** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | XMEM | | ISIN | LU0292107645 | | Also listed as | XMMD (London Stock Exchange, US dollars) | | Category | Emerging markets | | Type | ETF | | Provider | Xtrackers | | Tracks | MSCI EM (Emerging Markets) | | Income | Accumulating | | Ongoing charge | 0.12% a year (£12 per £10,000) | | Fund size | £695m | | Launched | 2007 | | Domicile | Luxembourg | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 01/01/2011 | ## 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 | +13.50% | +9.48% | income reinvested | | 3 years | +62.62% | +46.92% | income reinvested | | 5 years | +39.28% | +8.71% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Xtrackers MSCI Emerging Markets Swap UCITS ETF Capitalisation 1C in pounds (price, with income reinvested in the fund): 2022 −10.7%, 2023 +3.0%, 2024 +10.3%, 2025 +25.3%; 2026 to 13/11/2026 +11.5%. Returns of Xtrackers MSCI Emerging Markets Swap UCITS ETF Capitalisation 1C in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +28.1%; to 30/09/2025: +17.8%; to 30/09/2024: +15.9%; to 30/09/2023: +1.5%; to 30/09/2022: −12.2%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -10.7% | -18.3% | Price | | 2023 | +3.0% | -1.1% | Price | | 2024 | +10.3% | +6.5% | Price | | 2025 | +25.3% | +21.0% | Price | | 2026 to 13/11/2026 | +11.5% | +7.9% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 20.27% | -15.57% | | 3 years | 16.08% | -15.57% | | 5 years | 16.08% | -22.07% | ## Largest fall Volatility of Xtrackers MSCI Emerging Markets Swap UCITS ETF Capitalisation 1C in pounds, annualised from weekly returns to 13/11/2026: 20.3% over 1 year, 16.1% over 3 years, 16.1% over 5 years. Largest fall in the price of Xtrackers MSCI Emerging Markets Swap UCITS ETF Capitalisation 1C since November 2021, in pounds: −20.3% from 19/11/2021 to 28/10/2022. The lowest 12-month return of Xtrackers MSCI Emerging Markets Swap UCITS ETF Capitalisation 1C in pounds (price, with income reinvested in the fund) since January 2021 was −18.7% (12 months to 28/10/2022); the highest was +57.1% (12 months to 19/06/2026). On 13/11/2026 the price of Xtrackers MSCI Emerging Markets Swap UCITS ETF Capitalisation 1C was 13.2% below its highest weekly close since November 2021 (19/06/2026), in pounds. ## Charges compared with similar funds Ongoing charge of Xtrackers MSCI Emerging Markets Swap UCITS ETF Capitalisation 1C 0.12% a year. Compared on 14/11/2026, 147 of the 151 other emerging-market share funds charge more, 1 the same and 3 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) | 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 (this fund) | 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): **0.12%** per year (as of 13/11/2026) - 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 XMEM is a swap-based (synthetic) fund: it gets the return of the index it tracks through a swap. Its published holdings, as of 15/11/2026, are the substitute basket of securities the fund holds as collateral, not the companies in that index. ### Top holdings Largest positions (as of 15/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | Amazon | [AMZN](https://fundology.uk/stock/AMZN) | 6.13% | | 2 | Seagate Technology | [STX](https://fundology.uk/stock/STX) | 5.39% | | 3 | Linde | [LIN](https://fundology.uk/stock/LIN) | 4.10% | | 4 | Palo Alto Networks | [PANW](https://fundology.uk/stock/PANW) | 3.91% | | 5 | Aker BP | [AKRBP](https://fundology.uk/stock/AKRBP) | 3.73% | | 6 | NVIDIA | [NVDA](https://fundology.uk/stock/NVDA) | 3.25% | | 7 | Waste Management | [WM](https://fundology.uk/stock/WM) | 3.14% | | 8 | Walmart | [WMT](https://fundology.uk/stock/WMT) | 2.69% | | 9 | Space Exploration Technologies | [SPCX](https://fundology.uk/stock/SPCX) | 2.60% | | 10 | Automatic Data Processing | [ADP](https://fundology.uk/stock/ADP) | 2.12% | The 181 holdings on record (of 196 reported): https://fundology.uk/fund/xmem/holdings ## Questions people ask **What is the ongoing charge of XMEM?** The ongoing charge of XMEM is 0.12% a year — about £12 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 Xtrackers MSCI Emerging Markets Swap UCITS ETF Capitalisation 1C 0.12% a year. Compared on 14/11/2026, 147 of the 151 other emerging-market share funds charge more, 1 the same and 3 less (share classes counted once). **What does XMEM track?** XMEM tracks the MSCI EM (Emerging Markets) — companies in emerging economies such as China, India, Taiwan and Brazil. **Is XMEM accumulating or distributing?** XMEM 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 XMEM?** The ISIN of XMEM is LU0292107645. An ISIN identifies one exact share class of a fund; XMEM is its ticker on the London Stock Exchange. The same share class is also listed as XMMD (London Stock Exchange, US dollars). **What does XMEM hold?** XMEM is a swap-based (synthetic) fund: it gets the return of the index it tracks through a swap. Its published holdings, as of 15/11/2026, are the substitute basket of securities the fund holds as collateral, not the companies in that index. **What were XMEM’s returns in each of the last five years?** Calendar-year returns of XMEM in pounds (price, with income reinvested in the fund): 2022 −10.7%, 2023 +3.0%, 2024 +10.3%, 2025 +25.3%; 2026 to 13/11/2026 +11.5%. Past performance is not a guide to future returns. **How has XMEM done after inflation?** Over the five years to 13/11/2026 XMEM’s total return was +39.3%, or +8.7% after UK CPIH inflation. Past performance is not a guide to future returns. ## Fund documents - [Fund page at Xtrackers (DWS)](https://etf.dws.com/en-gb/LU0292107645-msci-emerging-markets-swap-ucits-etf-1c/) - Links checked 12/10/2026. --- 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.