The iShares Edge MSCI EM Value Factor UCITS ETF USD (Acc) (EMVL) is an Ireland-domiciled equity ETF managed by BlackRock and traded on the London Stock Exchange.

The fund seeks to provide exposure to large- and mid-cap companies across emerging markets that exhibit relatively strong value characteristics.

EMVL invests in emerging-market equities through a systematic value-factor strategy. The ETF follows a passive investment approach and uses physical replication to track its benchmark. It operates under the UCITS framework and follows an accumulating income policy.

The methodology used to identify value characteristics considers three main valuation measures: price-to-book value, price-to-forward earnings, and enterprise value-to-cash flow from operations. 

Composition / Exposure Profile

EMVL holds companies across several sectors of emerging-market economies, including:

• Financials.

• Information technology.

• Consumer discretionary.

• Communication services.

• Industrials.

• Materials.

• Energy.

• Consumer staples.

• Health care.

• Utilities.

• Real estate.

Geographically, the fund provides diversified exposure to emerging markets across Asia, Latin America, the Middle East, Europe, and Africa.

Because EMVL follows a factor-based strategy, its portfolio can differ significantly from a broad emerging-markets index weighted solely by market capitalization. Companies exhibiting stronger value characteristics under the benchmark methodology receive greater emphasis within the eligible universe.

Structure and Costs

EMVL trades in U.S. dollars on the London Stock Exchange. Both the fund's base currency and share class currency are the U.S. dollar.

The ETF has a total expense ratio (TER) of 0.40% per year and uses physical replication. It is domiciled in Ireland, operates under the UCITS framework, is part of iShares IV plc, and is managed by BlackRock Asset Management Ireland Limited.

EMVL is an accumulating share class, meaning dividends and other income generated by its holdings are reinvested within the fund rather than distributed periodically to shareholders.

History and Evolution of the ETF

The iShares Edge MSCI EM Value Factor UCITS ETF USD (Acc) (EMVL) was launched in 2018 by BlackRock to provide systematic exposure to the value factor across emerging-market equities.

Since its launch, the fund has maintained a passive strategy focused on large- and mid-cap companies exhibiting relatively strong value characteristics within their respective sectors. Throughout its history, the fund's performance has reflected both cycles in emerging equity markets and the relative performance of stocks associated with the value factor.

Additional Information

iShares Edge MSCI EM Value Factor UCITS ETF USD (Acc) (Ireland) is an exchange-traded fund (ETF), with assets under management totaling $1.65 billion.

Over the past 12 months, iShares Edge MSCI EM Value Factor UCITS ETF USD (Acc) recorded a return of 55.19%, with its price trading between $64.54 and $107.66 during the same period.

The ETF is traded under the ticker EMVL.