Highlights

  • Exposure focus: Emerging market stocks with China excluded.
  • Official net Assets were USD 25,575,579,425 as at 4 November 2026.
  • The listed net annual expense ratio is 0.25%.
  • The mandate excludes China from its emerging-market stock universe.

iShares MSCI Emerging Markets ex China ETF (NASDAQ:EMXC) targets large and mid-cap emerging-market companies while excluding China. This permits a distinct geographic allocation within emerging equities. Excluding China also changes the relative importance of the remaining countries and businesses. It does not eliminate indirect commercial links between portfolio companies and the Chinese economy.

Investment approach and market coverage

iShares MSCI Emerging Markets ex China ETF (NASDAQ:EMXC) uses an index-tracking mandate. The benchmark defines the eligible Investment universe, and its membership and weights shape the portfolio. An index objective does not mean the fund and benchmark will match exactly. Expenses, transactions, cash balances and implementation decisions can create differences. The scope of the mandate matters when comparing this exposure with an existing portfolio, because funds with similar names may cover different securities or market segments.

Holdings and underlying exposure

In the official holdings file dated 3 November 2026, selected leading stock positions were Taiwan Semiconductor Manufacturing at 19.37%; Samsung Electronics Ltd at 8.61%; Sk Hynix at 6.48%; Mediatek at 1.81%; Samsung Electronics Non Voting Pre at 1.16%. These figures are security-level portfolio weights; separate securities from the same issuer may appear in other rows. Holdings and weights can change.

Aggregating the reported Equity rows by the issuer file’s sector labels gives Information Technology at approximately 48.50%, Financials at approximately 20.14%, Industrials at approximately 6.39%. These are calculated sums of rounded security weights, rather than a separate issuer-published allocation table. Cash, Derivatives and other asset classes are excluded from these sector sums. The composition helps explain which economic exposures accompany the stated mandate.

Fees distributions and share pricing

iShares MSCI Emerging Markets ex China ETF (NASDAQ:EMXC) has a listed gross annual expense ratio of 0.25% and net annual expense ratio of 0.25%. At the net rate, USD 10,000 held at a constant value for a full year would imply approximately USD 25.00 in annual fund expenses. This is an illustrative fee calculation, excluding changes in value, brokerage costs and bid-ask spreads. Expenses are reflected within the product rather than quoted as a promised investment outcome.

The stated distribution frequency is semi-annually. The schedule describes how often distributions are expected, while payment amounts depend on income and other applicable fund circumstances. A distribution is distinct from Capital appreciation and does not establish a fixed future payment. Shareholders also need to consider their own tax treatment, including any treatment of distributions or gains on sale.

iShares reported net asset value of USD 89.99 per share as at 4 November 2026. NAV measures the underlying net asset value allocated to a share; it is not an exchange closing-price quotation. Shares trade on NASDAQ, where the transaction price can differ from NAV and where the bid-ask spread adds to the cost of entering or exiting a position.

Market access and country concentration

Emerging-market shares carry political, regulatory and currency risks alongside ordinary Business risk. Capital controls, foreign ownership limits and differences in disclosure can affect market access or pricing. A broad portfolio can still be heavily influenced by a few countries or large businesses. Excluding or including a country changes those relative weights. Dollar-based shareholders also experience currency translation, while underlying companies may have substantial commercial exposure beyond their home markets.

Key Insights

iShares MSCI Emerging Markets ex China ETF (NASDAQ:EMXC) is defined by its benchmark and eligible investment universe. Its holdings explain the actual exposure, while the fee schedule and distribution arrangements explain important ownership mechanics. These features need to be considered together: broad coverage, a particular style or a specified Maturity band each changes the risks a Shareholder takes. The investment objective remains a target, and the value of the shares can decline.

Data checked on 5 November 2026. Each numerical observation uses the specific source date stated above.