EXCS.L
iShares MSCI EM ex-China UCITS ETF
Emerging Market
EQUITY
Passive
MANAGEMENT STYLE
£ 5.3 B
ASSETS UNDER MGMT
18 bp
EXPENSES
Fund Basics
| Inception date | Apr 27, 2021 |
| Regulation | UCITS |
| ISIN | IE00BMG6Z448 |
| Distributions | |
| Currency | GBP |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| TAIWAN SEMICONDUCTOR MANUFAC | 18.8 % |
| SAMSUNG ELECTRONICS CO LTD | 8.1 % |
| ISHARES MSCI BRAZIL ETF (DE) | 6.0 % |
| HYNIX SEMICONDUCTOR INC | 4.0 % |
| RELIANCE INDS-SPONS GDR 144A | 3.6 % |
| MEDIATEK INC | 1.6 % |
| DELTA ELECTRONICS INC | 1.4 % |
| HON HAI PRECISION INDUSTRY | 1.0 % |
| HDFC BANK LIMITED | 1.0 % |
| ICICI BANK LTD | 0.9 % |
Constituent Breakdown
| Number of holdings | 652 |
| Herfindahl-Hirschman Index | 502 |
| Wgt avg mkt cap (mns) | $297,869 |
| Large cap (>$10bn) | 73.7% |
| Mid cap ($2-10bn) | 11.6% |
| Small cap (<$2bn) | 0.4% |
| Developed mkts. | 0.6% |
| Emerging mkts. | 88.9% |
Sector Breakdown
Country Exposure
 |
TAIWAN | 32.3 % |
 |
SOUTH KOREA | 21.6 % |
 |
INDIA | 16.8 % |
 |
SAUDI ARABIA | 3.2 % |
 |
SOUTH AFRICA | 3.0 % |
 |
MEXICO | 2.1 % |
 |
MALAYSIA | 1.4 % |
 |
UAE | 1.3 % |
 |
POLAND | 1.3 % |
 |
THAILAND | 1.1 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 38.1% | 74.9% | 33.5% | 26.2% | -- | -- | -- | 15.6% |
| Dividend Yield | 0.0% | 0.0% | 0.0% | 0.0% | -- | -- | -- | 0.0% |
| Total Returns | 38.1% | 74.9% | 33.5% | 26.2% | -- | -- | -- | 15.6% | Ann. Volatility | 25.2% | 18.7% | 17.3% | 15.6% | -- | -- | -- | 15.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.85 | 28% |
| MSCI EAFE | 0.69 | 30% |
| MSCI Emg Mkts | 0.73 | 59% |
Liquidity Measures
| Avg. volume (000) | 150 |
| ADV traded (mns) | $1 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.00% |
Technical Indicators
| 30d moving avg. (EMA) | $6.59 |
| Relative strength (RSI) | 66 |
| MACD/Signal | 0.21/0.19 |
| Bollinger Bands (Upper/Lower) | $7.17/$6.29 |
| Short interest (% of AUM) | 0.0% |
Distributions
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. EXCS.L |
Expenses vs. EXCS.L |
ALTAR Score™ vs. EXCS.L |
|---|---|---|---|---|
| EXCD.AS | iShares MSCI EM ex-China UCITS ETF | 95.6% | 0 bp | +0.1% |
| XDEX.L | Xtrackers MSCI Emerging Markets ex China UCITS ETF 1C | 79.9% | -2 bp | +0.5% |
| SEMA.L | iShares MSCI EM UCITS ETF USD (Acc) | 71.5% | 0 bp | +3.3% |
| IEEM.L | iShares MSCI EM UCITS ETF USD (Dist) | 70.4% | 0 bp | +3.2% |
| CEMA.L | iShares MSCI EM Asia UCITS ETF | 69.5% | +2 bp | +2.9% |
| AEME.L | Amundi Core MSCI Emerging Markets UCITS ETF Acc | 68.7% | 0 bp | +3.3% |
| AEMD.L | Amundi Core MSCI Emerging Markets UCITS ETF EUR Dist | 68.7% | 0 bp | +3.2% |
| AEMU.L | Amundi Core MSCI Emerging Markets UCITS ETF USD Dist | 68.7% | 0 bp | +3.3% |
| XEMD.L | Xtrackers MSCI Emerging Markets UCITS ETF 1D | 65.1% | 0 bp | +3.7% |
| XMME.DE | Xtrackers MSCI Emerging Markets UCITS ETF 1C | 65.0% | 0 bp | +3.5% |
Risk and Returns: EXCS.L vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (GBP)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/3/2026
Peer Group Comparison
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ETF Research Center Rating
4.7%
ALTAR SCORE™
13rd
PERCENTILE
AVOID
ETFRC RATING
There are 217 funds in the Emerging Equity category with an average
ALTAR Score™ of 7.3% and a standard deviation
of 2.2%. EXCS.L's ALTAR Score™ is approximately -1.1 standard
deviations above the category average. This places EXCS.L in the 13rd percentile
among funds in the category.
Sell-Side Consensus
£6.89
PRICE TARGET
-5.8%
UPSIDE