The iShares MSCI EM UCITS ETF (SEMA) is an Ireland-domiciled equity ETF managed by BlackRock through its iShares platform. SEMA represents the fund's USD accumulating share class traded in U.S. dollars on the London Stock Exchange.

The fund seeks to track the MSCI Emerging Markets Index, a benchmark comprising large- and mid-cap companies across emerging markets.

SEMA follows a passive investment strategy and uses optimized physical replication. The fund invests directly in equities with the objective of closely reflecting the characteristics and performance of its benchmark.

The MSCI Emerging Markets Index includes companies from countries classified as emerging markets by MSCI and is designed to represent approximately 85% of the free float-adjusted market capitalization in each market. Its composition is periodically reviewed to reflect changes in the investable universe and market classifications.

Composition / Exposure Profile

SEMA holds companies across different sectors of emerging market economies, including:

• Technology.

• Financials.

• Consumer discretionary.

• Communication services.

• Industrials.

• Materials.

• Consumer staples.

• Energy.

• Health care.

• Utilities.

• Real estate.

Geographic exposure spans emerging markets across Asia, Latin America, the Middle East, Africa, and Europe. Markets represented include China, Taiwan, India, South Korea, Brazil, Saudi Arabia, South Africa, Mexico, and Indonesia.

Because the index uses free float-adjusted market capitalization weighting, larger eligible markets and companies tend to represent greater portions of the portfolio. This can result in significant exposure to the largest emerging Asian economies.

Although SEMA provides diversification across countries and sectors, it remains exposed to risks associated with emerging markets, including currency movements, regulatory changes, local political and economic conditions, and fluctuations in international capital flows.

Structure and Costs

The fund and share class have the U.S. dollar as their base currency. SEMA trades in USD on the London Stock Exchange. The trading currency does not eliminate exposure to the different currencies represented by the fund's underlying holdings.

The ETF has a total expense ratio (TER) of 0.18% per year, uses optimized physical replication, and is domiciled in Ireland. It operates as part of iShares IV plc under the UCITS framework.

SEMA follows an accumulating income policy. Dividends received from portfolio companies are therefore reinvested within the fund rather than periodically distributed to shareholders.

History and Evolution of the ETF

The iShares MSCI EM UCITS ETF USD Acc was launched in 2009 to provide broad exposure to emerging equity markets through a single portfolio.

Since its launch, the fund has maintained a passive strategy linked to the MSCI Emerging Markets Index, tracking large- and mid-cap companies across different countries and sectors.

Throughout its history, SEMA's performance has reflected emerging market cycles, including changes in economic growth, global monetary conditions, currency movements, and shifts in international capital flows.

Additional Information

iShares MSCI EM UCITS ETF USD Acc (Ireland) is an exchange-traded fund (ETF), with assets under management totaling $3.98 billion.

Over the past 12 months, iShares MSCI EM UCITS ETF USD Acc recorded a return of 25.61%, with its price trading between $0.87 and $68.01 during the same period.

The ETF is traded under the ticker SEMA.