# MSCI Mexico UCITS ETF (XMEX)

**Page:** https://fundology.uk/fund/xmex · ISIN LU0476289466

## 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, XMEX (MSCI Mexico UCITS ETF, ISIN LU0476289466) closed at £7.06 on the London Stock Exchange. Its ongoing charge is 0.65% a year (about £65 on £10,000). Over the five years to 13/11/2026 its total return was +85.3%, or +44.6% after UK CPIH inflation.

## Summary

Xtrackers SICAV - MSCI Mexico UCITS ETF is an exchange-traded fund (ETF) from Xtrackers, launched in 2010. It tracks the MSCI Mexico. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.65% a year — about £65 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: **£7.06** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | XMEX |
| ISIN | LU0476289466 |
| Also listed as | XMES (London Stock Exchange, US dollars), D5BI (Xetra, euros) |
| Category | Emerging markets |
| Type | ETF |
| Provider | Xtrackers |
| Tracks | MSCI Mexico |
| Income | Accumulating |
| Ongoing charge | 0.65% a year (£65 per £10,000) |
| Fund size | £248m |
| Launched | 2010 |
| 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 | +15.46% | +11.37% | income reinvested |
| 3 years | +39.32% | +25.88% | income reinvested |
| 5 years | +85.31% | +44.64% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of Xtrackers SICAV - MSCI Mexico UCITS ETF in pounds (price, with income reinvested in the fund): 2022 +10.7%, 2023 +30.5%, 2024 −25.8%, 2025 +44.2%; 2026 to 13/11/2026 +15.5%. Returns of Xtrackers SICAV - MSCI Mexico UCITS ETF in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +14.2%; to 30/09/2025: +26.4%; to 30/09/2024: −11.2%; to 30/09/2023: +20.7%; to 30/09/2022: +14.3%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | +10.7% | +1.3% | Price |
| 2023 | +30.5% | +25.3% | Price |
| 2024 | -25.8% | -28.3% | Price |
| 2025 | +44.2% | +39.3% | Price |
| 2026 to 13/11/2026 | +15.5% | +11.8% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 18.18% | -12.90% |
| 3 years | 19.13% | -28.24% |
| 5 years | 20.61% | -28.24% |

## Largest fall

Volatility of Xtrackers SICAV - MSCI Mexico UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 18.2% over 1 year, 19.1% over 3 years, 20.6% over 5 years. Largest fall in the price of Xtrackers SICAV - MSCI Mexico UCITS ETF since November 2021, in pounds: −28.2% from 05/04/2024 to 03/01/2025. The lowest 12-month return of Xtrackers SICAV - MSCI Mexico UCITS ETF in pounds (price, with income reinvested in the fund) since January 2021 was −25.9% (12 months to 04/04/2025); the highest was +61.6% (12 months to 10/04/2026). On 13/11/2026 the price of Xtrackers SICAV - MSCI Mexico UCITS ETF was 0.9% below its highest weekly close since November 2021 (27/02/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of Xtrackers SICAV - MSCI Mexico UCITS ETF 0.65% a year. Compared on 14/11/2026, 21 of the 151 other emerging-market share funds charge more, 12 the same and 118 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.65%** per year (as of 16/10/2026)
- 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

As of 15/11/2026, XMEX holds 22 positions, according to its published holdings. The largest is Grupo Mexico S.A.B. de C.V at 17.32% of the fund; the ten largest make up 80.3%.

### Top holdings

Largest positions (as of 15/11/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Grupo Mexico S.A.B. de C.V | [GMEXICO/B](https://fundology.uk/stock/GMEXICO%2FB) | 17.32% |
| 2 | Grupo Financiero Banorte | [GFNORTE/O](https://fundology.uk/stock/GFNORTE%2FO) | 13.46% |
| 3 | Fomento Economico Mexicano Ubd Uni | — | 10.81% |
| 4 | America Movil | [AMX/B](https://fundology.uk/stock/AMX%2FB) | 9.44% |
| 5 | Cemex Cpo | — | 7.87% |
| 6 | Wal-Mart de Mexico | [WALMEX](https://fundology.uk/stock/WALMEX) | 6.81% |
| 7 | Grupo Aeroportuario del Pacifico | [GAP/B](https://fundology.uk/stock/GAP%2FB) | 4.40% |
| 8 | Industrias Penoles | [PE_OLES](https://fundology.uk/stock/PE_OLES) | 3.84% |
| 9 | Arca Continental | [AC](https://fundology.uk/stock/BMV:AC) | 3.28% |
| 10 | Coca-Cola Femsa SAB de CV Units Cons of 5 Shs -L- + 3 Shs Series -B- | [KOF/UBL](https://fundology.uk/stock/KOF%2FUBL) | 3.06% |

## Where it invests

Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.

### By sector

Added up from the fund’s published holdings, as of 08/11/2026.

| Sector | Weight |
|---|---|
| Consumer Staples | 30.0% |
| Materials | 28.6% |
| Financials | 14.9% |
| Industrials | 12.1% |
| Communication Services | 9.3% |
| Real Estate | 5.0% |
| Not classified | 0.1% |

### By type of asset

Added up from the fund’s published holdings, as of 08/11/2026.

| Type of asset | Weight |
|---|---|
| Equity | 99.9% |
| Cash and money market | 0.1% |

All 22 holdings: https://fundology.uk/fund/xmex/holdings

## Questions people ask

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

The ongoing charge of XMEX is 0.65% a year — about £65 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 SICAV - MSCI Mexico UCITS ETF 0.65% a year. Compared on 14/11/2026, 21 of the 151 other emerging-market share funds charge more, 12 the same and 118 less (share classes counted once).

**What does XMEX track?**

XMEX tracks the MSCI Mexico.

**Is XMEX accumulating or distributing?**

XMEX 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 XMEX?**

The ISIN of XMEX is LU0476289466. An ISIN identifies one exact share class of a fund; XMEX is its ticker on the London Stock Exchange. The same share class is also listed as XMES (London Stock Exchange, US dollars) and D5BI (Xetra, euros).

**What does XMEX hold?**

As of 15/11/2026, XMEX holds 22 positions, according to its published holdings. The largest is Grupo Mexico S.A.B. de C.V at 17.32% of the fund; the ten largest make up 80.3%. Its ten largest holdings are Grupo Mexico S.A.B. de C.V (17.32%), Grupo Financiero Banorte (13.46%), Fomento Economico Mexicano Ubd Uni (10.81%), America Movil (9.44%), Cemex Cpo (7.87%), Wal-Mart de Mexico (6.81%), Grupo Aeroportuario del Pacifico (4.40%), Industrias Penoles (3.84%), Arca Continental (3.28%) and Coca-Cola Femsa SAB de CV Units Cons of 5 Shs -L- + 3 Shs Series -B- (3.06%).

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

Calendar-year returns of XMEX in pounds (price, with income reinvested in the fund): 2022 +10.7%, 2023 +30.5%, 2024 −25.8%, 2025 +44.2%; 2026 to 13/11/2026 +15.5%. Past performance is not a guide to future returns.

**How has XMEX done after inflation?**

Over the five years to 13/11/2026 XMEX’s total return was +85.3%, or +44.6% 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/LU0476289466-msci-mexico-ucits-etf-1c/)
- 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.